Honeywell Aerospace Inc · NASDAQ:HONA
Honeywell Aerospace — Investor Presentation (2026)
45 slides from Honeywell Aerospace's investor presentation, 2026
Slide 1: Honeywell Aerospace Investor Presentation 2026
Honeywell Aerospace Investor Presentation 2026 1
Slide 2: Forward looking statements
Forward looking statements This presentation contains “forward-looking statements” within the meaning of the federal securities laws certain related transactions should be treated as taxable transactions; financing transactions undertaken in relating to Honeywell Aerospace’s operations, strategy and
Slide 3: Honeywell Aerospace at a glance
Honeywell Aerospace at a glance Leading global aerospace supplier of mission critical systems and technologies Broad exposure, leveraging technology across platforms Net sales by segment1,4 2025 net sales1 2025 organic sales growth2,3 2025 adjusted EBIT3 ENGINES & $17.4B +12% $4.3B POWER SYSTEMS 31%
Slide 4: Premier provider of mission-critical aerospace systems
Premier provider of mission-critical aerospace systems Global supplier of high-value systems across Delivering growth by investing in supply Aerospace and Defense end markets positioned base and innovation to drive further fleet for profitable long-term growth electrification, autonomy and safety “D
Slide 5: History of Honeywell Aerospace leadership
History of Honeywell Aerospace leadership 100+ years of continuous innovation across every major era of flight 1914: 1966: 1972: 1996: 2006: 2018: 2025: Introduced 1st Improved precision Revolutionized Set new Breakthrough Pioneered Innovating autopilot navigation safety business safety standard pow
Slide 6: Strong balance across three leading business segments
Strong balance across three leading business segments Marquee franchises on Commercial Air Transport, Business Aviation and Defense & Space Electronic Solutions (ES) Engines & Power Systems (E&PS) Control Systems (CS) Precise, resilient, ▪ Avionics Reliable, efficient ▪ Engines Mission critical, ▪ A
Slide 7: ES enables safer, smarter and mission-critical technologies
ES enables safer, smarter and mission-critical technologies Diverse offering of solutions focused on cockpit safety, resilient navigation, human space flight, and electronic warfare Electromagnetic Avionics Navigation & Sensors Space Defensive Solutions Provider of choice for Supplies cockpit safety
Slide 8: E&PS portfolio powers reliable and efficient flight
E&PS portfolio powers reliable and efficient flight Expertise in axial-centrifugal compressor technology and small engine architectures drives durable, competitive advantages Engines: proven performance and power-to-cost efficiency Power Systems: industry leading reliability and efficiency Advanced
Slide 9: CS advances flight, life support and safety
CS advances flight, life support and safety Proven capability to design complex systems that integrate electronics, software, and mechanical hardware across platforms Air and Thermal Control Motion Control Leading provider of Integrated, electrified Scalable, connected Leading systems in Reliable pe
Slide 10: Established offerings across platforms
Established offerings across platforms Key Honeywell Aerospace content on 250+ in-production platforms Electronic Engines & Power Control Systems Solutions Systems Commercial Air Transport CABIN PRESSURE SATELLITE FLIGHT MANAGEMENT SYSTEM AND COOLING COMMUNICATIONS FLIGHT CONTROLS PRECISION NAVIGATI
Slide 11: High-value positions on key platforms
High-value positions on key platforms Select major platforms Select representative products Electronic Solutions Engines & Power Systems Control Systems ▪ Navigation ▪ Surveillance system ▪ Auxiliary power unit ▪ Wing anti-ice subsystem ▪ Engine start system (LEAP) Commercial Airbus A320neo ▪ Air da
Slide 12: Expanding content on leading Defense & Space platforms
Expanding content on leading Defense & Space platforms Select major platforms Select representative products Electronic Solutions Engines & Power Systems Control Systems ▪ Navigation ▪ Power & thermal ▪ Braking systems Aircraft ▪ Fire control radar components management system ▪ Life support system
Slide 13: Commercial OE at a glance
Commercial OE at a glance Ubiquity of critical HONA systems allows for greater OE predictability through cycle Focus on high-growth platforms and next-gen programs Balanced exposure across commercial markets $2.6B Commercial Air Transport Commercial OE net sales1 Business Aviation `` 15% of HONA net
Slide 14: Global Commercial Aftermarket at a glance
Global Commercial Aftermarket at a glance Portfolio breadth and installed base scale drives durable growth, RMU monetization, and rapid ROI Differentiated aftermarket profile Scaled global footprint $7.7B Aftermarket net sales1 26 100+ 300+ `` HONA global repair Commercial Air Transport Business Avi
Slide 15: Defense & Space at a glance
Defense & Space at a glance Decades-long core franchises with differentiated capabilities leveraging commercial technology $7.1B 9% 41% Net sales1 Organic growth1,2 of HONA revenue1 300+ ~30% 11 out of 12 Platforms International sales MAC priority missile programs contribution to Defense & Space3 Ho
Slide 16: Growth Strategy
Growth Strategy a Honeywell “= Aerospace
Slide 17: Positioned to thrive as standalone A&D leader
Positioned to thrive as standalone A&D leader Leading global aerospace supplier of mission critical systems and technologies Strategic Operational Financial ▪ Singular focus providing clear ▪ Enhanced organizational agility, ▪ Improved ability to customize alignment in company purpose greater accoun
Slide 18: Our strategy to create substantial value
Our strategy to create substantial value Innovation-driven aerospace systems leader with diversified end markets, predictable revenue, and scalable technology platforms positioned to drive long-term profitable growth Expand leadership in Invest in differentiated Strengthen operational attractive end
Slide 19: Attractive A&D end markets with consistent secular growth
Attractive A&D end markets with consistent secular growth Diversified across commercial OE, commercial aftermarket and defense with durable, secular growth Key secular trends1 Market growth1 ▪ Robust backlogs across commercial air transport and business aviation Commercial Mid-to-high ▪ Aircraft del
Slide 20: Driving growth through platform wins, RMUs and international defense
Driving growth through platform wins, RMUs and international defense Deliver new platform wins Accelerate RMU development Grow international defense capabilities Expand platform content while Grow pipeline of existing products and Leverage global footprint and strengthening supply chain capabilities
Slide 21: OE momentum accelerating
OE momentum accelerating Commercial Air Transport and Business Aviation wins supporting new platforms for in-service fleet Commercial Air Transport Business Aviation Airbus Gulfstream multi-platform G300 A350 Freighter: Flight management system, radar, surveillance, EpicTM-based “Harmony” safety, ai
Slide 22: Accelerating R&D investment to drive long-term growth
Accelerating R&D investment to drive long-term growth Strategic R&D investment enables next-gen capabilities that support multiple platforms and end markets Company-funded R&D Cumulative R&D investment Balanced R&D approach supports current product portfolio while driving growth across RMUs ($B) $0.
Slide 23: Long-term visibility enables impactful investment
Long-term visibility enables impactful investment Attractive R&D ROI driven by strong visibility into future platforms with contracted sales $1.8B FY25 Research & Development ~60% Customer Funded ~40% Company Funded Other Strategic Initiatives ~65% 1 Committed and Contracted Development ~15% 1 RMUs
Slide 24: "Develop once, deploy everywhere" R&D strategy
“Develop once, deploy everywhere” R&D strategy R&D platform supports disruptive innovation at scale, backed by ~$1.8B in FY25 investment Robust, high-return R&D approach Common technology across verticals and platforms Commercial Business Defense Develop common Continuously invest to Select examples
Slide 25: Advancing the future of aviation
Advancing the future of aviation Developing innovative systems and technologies, fueling growth in decades ahead Electrification Autonomy Safety 1 MW Turbogenerator power system Anthem integrated flight deck AI-driven predictive maintenance Attune vapor cycle cooling system Counter-UAS solutions Pil
Slide 26: A new era: Honeywell Aerospace Operating System
A new era: Honeywell Aerospace Operating System Carrying on legacy of continuous improvement, operational excellence and disciplined execution Evolving Honeywell Accelerator… …to a purpose-built Honeywell Aerospace Operating System 20+ year proven world-class management and operating Single, enterpr
Slide 27: Unlocking supply chain to drive growth
Unlocking supply chain to drive growth Supply chain transformation Building an end-to-end supply chain to power the future underpinned by Honeywell Aerospace Operating System ▪ Align capacity with planning to reduce volatility and improve delivery and execution ▪ Strengthen supply to enhance control
Slide 28: Key strategic principles to unlock output growth
Key strategic principles to unlock output growth Improving supply chain visibility and throughput to meet demand Executing key strategic principles Stabilize Control and Drive factory Operate as planning expand supply throughput one system ▪ Align capacity to sales, ▪ Enhance supplier capacity ▪ Exe
Slide 29: Financial Overview
Financial Overview a Honeywell “= Aerospace
Slide 30: Proven ability to deliver growth, profitability and cash flow
Proven ability to deliver growth, profitability and cash flow Net sales ($B) Adjusted EBIT1 ($B) Free cash flow1 ($B) 11% 9% 13% Organic1 CAGR CAGR CAGR $17.4 $4.5 $3.8 $3.3 $13.8 $2.6 2023 2025 2023 2025 2023 2025 ▪ Capturing global demand with innovative solutions ▪ Driving enhanced efficiency and
Slide 31: Our financial priorities to create value
Our financial priorities to create value 1 2 3 Drive above-market Deliver adjusted Generate robust sales growth through EBIT growth faster than FCF enabling dynamic continued innovation sales with volume capital allocation and supply chain unlock leverage and strategy with a strong operational excel
Slide 32: 2030 financial targets
2030 financial targets Driving long-term value creation with sustainable, profitable growth and robust cash generation Organic sales CAGR1,2 6–8% Adjusted EBIT2 >$6.5B Free cash flow2 >$4.0B Honeywell Aerospace Investor Presentation 2026 1. 2025–2030E. 2. Non-GAAP financial measure. Refer to 32 Appe
Slide 33: Strong tailwinds across aerospace and defense
Strong tailwinds across aerospace and defense Generating a ~6% market growth rate Robust commercial OE demand1 Sustained aftermarket momentum Rising defense spending4 Commercial deliveries Business aviation Revenue passenger Commercial aircraft U.S. defense budget International defense budget (narro
Slide 34: Positioned to deliver above market growth
Positioned to deliver above market growth Supply chain unlock underpins accelerating momentum Net sales (2025–2030E) Drivers of above market growth 6–8% Organic1 CAGR + Increasing global defense capabilities $17.7B2 + Robust RMU growth $17.4B + Deliver customer wins on new platforms - Content on cer
Slide 35: Growing adjusted EBIT faster than sales through 2030
Growing adjusted EBIT faster than sales through 2030 Adjusted EBIT1 (2025–2030E) Drivers Volume leverage ~9% CAGR $6.5B Modest mix headwind $4.3B Pricing catch-up to cost inflation Strong operational execution Investments to drive growth 2025 Volume / mix Price - cost Productivity Growth 2030E inves
Slide 36: Delivering robust free cash flow while investing for growth
Delivering robust free cash flow while investing for growth Free cash flow1 (2025–2030E) ~10% CAGR $4.0B $3.3B $2.5B ~100% LT Conversion 2025 Pro forma 2025 pro forma Earnings Capital 2030E standalone costs standalone basis expenditures & and adjustments other Honeywell Aerospace Investor Presentati
Slide 37: Unlocking value with disciplined, dynamic capital allocation
Unlocking value with disciplined, dynamic capital allocation Capital allocation priorities… …underpinned by strong balance sheet Invest to drive organic growth Total debt 1 Total cash1 ~$16B $1B Low maintenance capital requirements (~1%–2% of sales) with high ROI growth and productivity opportunitie
Slide 38: Appendix
Appendix 38
Slide 39: Non-GAAP Financial Measures
Non-GAAP Financial Measures The following information provides definitions and reconciliations of certain non-GAAP financial Management does not consider these non-GAAP measures in isolation or as an alternative to measures presented in this presentation to which this reconciliation is attached to t
Slide 40: Reconciliation of Honeywell Aerospace Technologies to Honeywell Aerospace
Reconciliation of Honeywell Aerospace Technologies to Honeywell Aerospace Sales, Adjusted Sales, Segment Profit, Adjusted EBIT, Proforma Adjusted EBIT, and Pro Forma Standalone Adjusted EBIT ($ in millions) 1Q26 2025 Honeywell Aerospace Technologies Net Sales $ 4,322 $ 17,510 (1) Flexjet-related lit
Slide 41: Reconciliation of Organic Sales Growth
Reconciliation of Organic Sales Growth 2025 We define organic sales growth as the year-over-year change in reported Net Honeywell Aerospace Reported sales percent change 13% sales relative to the comparable period, excluding the impact on sales from Less: Foreign currency translation —% foreign curr
Slide 42: Reconciliation of Organic Sales CAGR
Reconciliation of Organic Sales CAGR ($ in billions) 2025 2023 We define organic sales CAGR as the compound annual growth rate in reported Honeywell Aerospace Net sales, excluding the impact on sales from foreign currency translation and acquisitions, net of divestitures, during the CAGR period, and
Slide 43: Reconciliation of Aerospace Technologies Adjusted Sales and Segment Profit
Reconciliation of Aerospace Technologies Adjusted Sales and Adjusted Segment Profit and Calculation of Adjusted Segment Margin ($ in billions) 2025 We define adjusted net sales as net sales less the sales impact of the Flexjet- Aerospace Technologies Segment related litigation matters. We define adj
Slide 44: Reconciliation of Net Income to Adjusted EBIT
Reconciliation of Net Income to Adjusted EBIT, Pro Forma Standalone Adjusted EBIT, and Segment Adjusted EBIT ($ in millions) 2025 2023 We define adjusted EBIT as net income before taxes, excluding interest, Net Income $ 2,722 $ 2,914 amortization of acquisition-related intangibles, stock compensatio
Slide 45: Reconciliation of Cash from Operations to Free Cash Flow
Reconciliation of Cash Provided by Operating Activities to Free Cash Flow and Pro Forma Standalone Free Cash Flow ($ in billions) 2025 2023 We define free cash flow as cash provided by operating activities less cash for Cash provided by operating activities $ 3.7 $ 3.0 capital expenditures and exclu