Honeywell Aerospace Inc · NASDAQ:HONA
Honeywell Aerospace — Investor Day (June 2026)
150 slides from Honeywell Aerospace's investor day presentation, Jun 3, 2026
Slide 1: Honeywell Aerospace Investor Day 2026
Honeywell Aerospace Investor Day 2026 June 3, 2026 1
Slide 2: Welcome
Welcome Sean Meakim Vice President of Investor Relations 2
Slide 3: Forward looking statements
Forward looking statements The information in this presentation has been prepared in connection with the previously announced plan by and market risk; Honeywell Aerospace's ability to successfully execute or effectively integrate acquisitions; Honeywell International Inc. (“HON” or “Honeywell”) to s
Slide 4: Agenda
Agenda 8:00 am Welcome Sean Meakim, Vice President of Investor Relations The Future of Honeywell Aerospace Jim Currier, Chief Executive Officer Electronic Solutions Bob Buddecke, President, Electronic Solutions Engines & Power Systems Dave Marinick, President, Engines & Power Systems Control Systems
Slide 5: The Future of Honeywell Aerospace
The Future of Honeywell Aerospace Jim Currier Chief Executive Officer 5
Slide 6: 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 7: 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 8: 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 9: 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 10: Built a more focused and highly profitable portfolio
Built a more focused and highly profitable portfolio Global supplier of high-value systems across A&D end markets positioned with strong visibility for long-term growth 2010–2019: Targeted portfolio optimization 2020–2025: Ramped sales and profit growth ▪ Exited less ▪ Consolidated ▪ Sustained profi
Slide 11: Establishing a track record of high performance
Establishing a track record of high performance Executing key strategic initiatives to deliver profitable growth and value creation Enhance customer focus Total year-end +14% backlog CAGR Net Sales Strengthening commercial capabilities with signature wins +11% and M&A Organic1 2023 2025 CAGR $17.4 C
Slide 12: 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 13: 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 14: 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 15: 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 16: 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 17: 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 18: 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 19: 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 20: 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 21: 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 22: 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 23: 2030 value creation framework
2030 value creation framework Above market sales growth to drive strong operating leverage and robust free cash flow generation 6–8% Organic sales CAGR1,2 Adjusted EBIT growth2 faster than organic sales growth Free cash flow growth2 faster than adjusted EBIT growth Honeywell Aerospace Investor Day 2
Slide 24: Disciplined, dynamic capital allocation framework
Disciplined, dynamic capital allocation framework Generate robust profit and FCF to create value for shareholders with a strong investment grade credit rating and financial flexibility Invest to drive organic growth Complement with select acquisitions Return capital to shareholders Support innovatio
Slide 25: Experienced leadership team with track record of execution
Experienced leadership team with track record of execution Committed to high-performance culture and advancing the future of aviation Years at Honeywell Industry experience 19 28 18 37 16 3 31 30 33 18 37 16 23 31 Jim Currier Bob Buddecke Rich DeGraff Dave Marinick Anthony Florian Matthew Milas Linn
Slide 26: Fit for purpose Board of Directors
Fit for purpose Board of Directors Compelling mix of aerospace and defense expertise, leadership experience, and financial and capital markets backgrounds Built to provide leadership, domain knowledge, diverse perspectives Craig Arnold Jim Currier Bill Ayer Scott Davis David Denton Pascal Desroches
Slide 27: Mission that matters
Mission that matters We protect and advance the promise of flight to create a safer, more connected world. Honeywell Aerospace Investor Day 2026 27
Slide 28: Electronic Solutions
Electronic Solutions Bob Buddecke President, Electronic Solutions 28
Slide 29: Electronic Solutions (ES) at a glance
Electronic Solutions (ES) at a glance Leading aerospace supplier of avionics, navigation and sensors, space, electromagnetic defense systems, and software, enhancing platform performance, safety and mission success $6.8B 5% $2.0B Net sales1 Organic growth2 Adjusted EBIT2 ~90% ~62K ~80% of aircraft u
Slide 30: 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 31: ES product portfolio overview by platform
ES product portfolio overview by platform Key Avionics Navigation and sensors EDS Space Commercial Air Transport Business Aviation SAFETY PRECISION NAVIGATION FLIGHT CONTROLS FLIGHT SYSTEMS MANAGEMENT SATELLITE FLIGHT MANAGEMENT SYSTEM SATELLITE PRECISION NAVIGATION; SYSTEM COMMUNICATIONS COMMUNICAT
Slide 32: ES strategy to create substantial value
ES strategy to create substantial value Expand Leadership in Grow share of demand on next-gen platforms through integrated electronic offerings while increasing value Attractive End Markets on legacy platforms with upgrades, improving safety, efficiency, and platform performance for customers Invest
Slide 33: Driving platform growth with leading avionics solutions
Driving platform growth with leading avionics solutions Differentiated and seamless system compatibility enables continued growth across end markets Selected for system breadth, connectivity-based software and Avionics: installed base well-positioned for growth integration compatibility for full fli
Slide 34: Expanding electronic warfare and defense navigation through M&A
Expanding electronic warfare and defense navigation through M&A Recent strategic acquisitions strengthen international defense capabilities CAES adds high-reliability radio frequency tech Acquisitions outgrowing attractive end markets ▪ Scalable offerings unlock greater presence on U.S. and allied E
Slide 35: Precision navigation applied across portfolio
Precision navigation applied across portfolio “Develop once, deploy everywhere” approach underscores ubiquity, driving efficient scale across platforms Common Common sensors applied across platforms sensors Commercial navigation Defense & space navigation Key customers: Airbus, Boeing, Comac, Embrae
Slide 36: RMUs driving software-led Aftermarket growth
RMUs driving software-led Aftermarket growth Scaled high-margin growth across Commercial Air Transport, Business Aviation and Defense Delivers high value and strong customer ROI across installed base Mission-critical upgrades aligned with key secular trends ▪ Safety: SURF-A, collision avoidance, rad
Slide 37: Anthem: the flight deck of the future
Anthem: the flight deck of the future Next-gen fully integrated cockpit significantly improves safety, efficiency and operations Defining next-generation cockpit platform ▪ Modular architecture adaptable across aircraft and verticals ▪ Reduces in-pilot training and autonomy decreases pilot workload
Slide 38: Summary: Electronic Solutions
Summary: Electronic Solutions Leading electronic Recent acquisitions Advancing autonomous systems supplier with strengthen portfolio and technology making flight scaled differentiated long-term growth safer and more efficient technology delivering trajectory across leveraging “develop once, safety,
Slide 39: Engines & Power Systems
Engines & Power Systems Dave Marinick President, Engines & Power Systems 39
Slide 40: Engines & Power Systems (E&PS) at a glance
Engines & Power Systems (E&PS) at a glance Leading supplier of reliable and efficient aircraft propulsion, APUs and electrical power solutions, driving a large installed base and long-tail aftermarket opportunities $5.4B 12% $1.1B Net sales1 Organic growth Adjusted EBIT3 (Excl. 2024 Bombardier impac
Slide 41: 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 42: E&PS strategy to create substantial value
E&PS strategy to create substantial value Expand Leadership in Power industry-leading engine and APU platforms driven by unmatched performance to support and Attractive End Markets grow vast installed base Invest in Differentiated Deliver innovative propulsion and power technologies that improve eff
Slide 43: Installed base growth drives recurring, high-margin aftermarket revenue
Installed base growth drives recurring, high-margin commercial aftermarket revenue over the lifecycle Business Aviation HTF7000 engine installed base HONA commercial APU installed base ~9% ~5% CAGR CAGR 26.1K 1.2K 2020 2025 2030E 2020 2025 2030E Business Aviation Commercial Air Transport ~13M hours
Slide 44: RMUs add new offerings to leading installed base
RMUs add new offerings to leading installed base Proven performance and multi-decade durability supports attractive tail of RMU services 131-9A/9B APU High-Efficiency Mode High-value, complex propulsion ▪ Eliminated 4.7M gallons of fuel and power systems with 30+ consumption for operators1 year life
Slide 45: Ensemble elevates engine monitoring capabilities
Ensemble elevates engine monitoring capabilities Creating competitive edge enabled by predictive insights that reduce costs and increase aircraft uptime Delivering on RMU strategic focus area Positioned to capture demand Near real-time automatic engine data downloads for analysis and compliance foll
Slide 46: Advancing electrification technology roadmap
Advancing electrification technology roadmap Delivering electric power solutions for current and next-gen aircraft across commercial and defense Substantial growth opportunity Positioned to capture demand Emerging requirements Innovation is World leader in electric Developing a new family for more e
Slide 47: Summary: Engines & Power Systems
Summary: Engines & Power Systems Leading propulsion Leveraging heritage of Strengthening supply and APU positions with innovation with a chain capabilities to vast, diversified “develop once, deploy meet customer demand installed base across everywhere” approach across OE and key end markets to deli
Slide 48: Control Systems
Control Systems Rich DeGraff President, Control Systems 48
Slide 49: Control Systems (CS) at a glance
Control Systems (CS) at a glance Leading supplier of mission critical thermal and motion control systems enabling flight, life support, and safety $5.2B 10% $1.5B Net sales1 Organic growth2 Adjusted EBIT2 >75% >10K 10M of commercial flights landings per day using passengers fly in an aircraft begin
Slide 50: 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 51: CS product portfolio overview by platform
CS product portfolio overview by platform Key Air & thermal control Motion control Commercial Air Transport Business Aviation CABIN COOLING ANTI ICE AIR SUPPLY CABIN COOLING AIR SUPPLY PRESSURE SYSTEM PRESSURE SYSTEM FUEL TANK INERTING ENGINE START ELECTRO- LIGHTING MECHANICAL ENGINE START LED SYSTE
Slide 52: CS strategy to create substantial value
CS strategy to create substantial value Expand Leadership in Leverage decades of experience to deliver integrated thermal and motion control solutions for mission- Attractive End Markets critical customer applications Invest in Differentiated Advance electrification-based technologies through the de
Slide 53: Power & Thermal Management Systems drive installed base growth
Power & Thermal Management Systems (PTMS) drive installed base growth F-35 aircraft OE installed base growth1 Integrated power package delivers electrical power for the aircraft main engine start, auxiliary, and emergency power needs, while With >1 million flight hours, providing thermal management
Slide 54: Scaling growth through RMUs
Scaling growth through RMUs Targeting critical aircraft system pain points for customers, delivering performance, reliability and lifecycle cost advantages Delivering on RMU strategic focus areas Safety of Flight Electrification Fuel Efficiency Mission critical systems & Cooling & Reliability with z
Slide 55: Advancing electrification capabilities across platforms
Advancing electrification capabilities across platforms Secured ~$15B1 in wins from next generation electrification products Advantaged “develop once, deploy everywhere” R&D approach supporting next generation platforms Scalable actuators and controllers Integrated connectivity embedded Thermal mana
Slide 56: Assure: Advanced electromechanical actuation system
Assure: Advanced electromechanical actuation system High demand system with applicability to defense and commercial platforms Modular and scalable architecture enables thinner flight controls, delivering Most precise and systems that are ~10–15% lighter and speed-responsive more compact system avail
Slide 57: Attune: Compact high-density cooling solution
Attune: Compact high-density cooling solution Premier cooling product for aircraft cabins, cockpits, batteries and on-board electronics Environmentally Differentiated for any aircraft but optimized friendly cooling for bleedless or low-bleed architectures system featuring high efficiency centrifugal
Slide 58: Summary: Control Systems
Summary: Control Systems Leading mission-critical Investing in Continued investments in thermal and motion differentiated supply and automation to control systems across technology architectures support scalable, high- commercial and defense creating more electric, return platforms and platforms mor
Slide 59: Panel: Delivering Innovation at Scale
Panel Delivering Innovation at Scale Ben Driggs Krista Dixon Todd Giles Chief Commercial Chief Digital Chief Technology Officer and Strategy Officer Technology Officer Hosted by Sean Meakim Vice President of Investor Relations 59
Slide 60: Accelerating R&D investment to drive long-term growth
Accelerating R&D investment to drive long-term growth Strategic R&D investment enables next-gen capabilities that support multiple platforms and end markets Company-funded R&D Cumulative R&D investment Balanced R&D approach supports current product portfolio while driving growth across RMUs ($B) $0.
Slide 61: 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 62: Enhancing ROI with develop once, deploy everywhere
Enhancing ROI with “develop once, deploy everywhere” Virtuous innovation cycle unlocks scale, efficiency and shortens timeline for NPIs, increasing addressable market Common technology across verticals and platforms New solutions advance robust RMU portfolio and enhance recurring revenue Continuous
Slide 63: Driving innovation with customer partnerships
Driving innovation with customer partnerships Select customer partnerships advance AAM, electrification, and efficiency-focused abilities enabling delivery of next-gen platforms with learnings applied across end markets Benefitting from customer feedback in a shortened development cycle Unmanned sys
Slide 64: Innovation spotlight: Digital Ring Laser Gyroscope
Innovation spotlight: Digital Ring Laser Gyroscope Developing the industry standard for precision inertial measurement Product Highlights Enables precise navigation without reliance on GPS, ensuring continuous operation in jammed, denied, or Compact, high-precision sensor degraded environments enabl
Slide 65: Innovation spotlight: Auxiliary Power Units
Innovation spotlight: Auxiliary Power Units Expertise in axial-centrifugal compressor technology drives industry-leading reliability, scale and efficiency across end markets Commercial Air Transport Leveraging core technologies to drive growth ~21K 35 ▪ Industry-leading technology first developed in
Slide 66: Innovation spotlight: Air Turbine Start System Technology
Innovation spotlight: Air Turbine Start System (ATSS) Technology Delivering the cranking power needed to start the engines on almost everything that flies across end markets “Develop once, deploy everywhere” underpins established scale 75%+ ~60K 165+ Of commercial flights begin Installed base ATSS o
Slide 67: Leveraging AI to streamline R&D and meet customer needs
Leveraging AI to streamline R&D and meet customer needs Utilizing AI as a force multiplier to drive long-term platform value through embedded digital engineering across product design and certification Accelerate Improve capital Strengthen long- time-to-market efficiency term platform value ▪ Reduci
Slide 68: Leading the future of aviation with breakthrough innovation
Leading the future of aviation with breakthrough innovation Efficiently developing innovative systems, fueling growth for decades ahead Path to Efficient Electrification Increased Next-gen Unmanned autonomy engines safety defense ▪ Anthem ▪ HTF7K new ▪ Attune vapor ▪ SURF-A surface ▪ Electromagnetic
Slide 69: Accelerating Output Growth with HONA Operating System
Accelerating Output Growth with HONA Operating System Josh Jepsen Kathy Worthen Chief Financial Officer Chief Integrated Supply Chain Officer 69
Slide 70: Introducing Honeywell Aerospace Operating System
Introducing Honeywell Aerospace Operating System Single, enterprise-wide Builds a continuous Enables predictable, Informs disciplined operating system which improvement culture profitable growth capital allocation and empowers teams with which will unlock underpinned by teams investment decisions st
Slide 71: Building HONA operating system off a strong foundation
Building HONA operating system off a strong foundation Focused on driving sustainable and differentiated performance and profitable growth Honeywell Accelerator Honeywell Aerospace Operating System (HONA OS) Mature, multi-domain operating system Evolving to a custom lean system to unlock improvement
Slide 72: Honeywell Aerospace supply chain at a glance
Honeywell Aerospace supply chain at a glance Global and diversified supply chain network Regional manufacturing footprint improves speed and resilience 61 HONA manufacturing `` facilities 9 Asia Pacific 16K+ Employees support supply chain operations 3K+ Number of production suppliers 38 Americas 14
Slide 73: Supplier and internal constraints have challenged output
Supplier and internal constraints have challenged output Challenges affecting performance and scalability… …have hindered HONA growth and profitability potential Industry-wide shortages of mechanical components Delayed output resulting in unconverted backlog impacting multiple downstream supplier ti
Slide 74: 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 75: Executing with an integrated operating model
Executing with an integrated operating model Stabilizing planning and controlling supplier capacity, driving throughput with integrated execution enabled by Honeywell Aerospace Operating System Expand supply and accelerate throughput ▪ Strengthen supply to enhance control, output and resiliency, bol
Slide 76: Investing to convert demand into output
Investing to convert demand into output Product Circuit card assembly (ES) Impeller (E&PS) Air turbine start systems (CS) Actions Introduced new diagnostic testing, Implemented state-of-the-art Invested in automation equipment machine learning capabilities to equipment enabling automated to repair a
Slide 77: Delivering impact at scale
Delivering impact at scale Driving outcome-based results across Honeywell Aerospace with consistency, repeatability and scalability Delivery Quality Cost Cash Improve lead time for Decrease parts per million Optimize R&O Significantly increase engine and APU deliveries defect rate turnaround time in
Slide 78: Taking action to increase inventory turns to support cash flow
Taking action to increase inventory turns to support cash flow Opportunity to return inventory to pre-COVID levels through disciplined planning and execution Honeywell Aerospace inventory turns Actions to deliver inventory efficiency 4x Enhance end-to-end demand visibility and AI-enabled planning to
Slide 79: From constraint to capacity: Our operating system in action
From constraint to capacity: Our operating system in action Integrated supply chain key to accelerating growth Partnering with suppliers to unlock capacity ▪ Conducted kaizen across multi-site supplier footprint, identifying constraints in flow, quality, and inspection ▪ Limited process visibility,
Slide 80: Summary: Accelerating output growth with HONA OS
Summary: Accelerating output growth with HONA OS Driving a culture of Strengthening R&D, Delivers outcome- continuous supply chain and based results with improvement with focus manufacturing backlog conversion and on supplier capacity alignment, operating as inventory reduction aligned to demand and
Slide 81: Q&A Session
Q&A Session 1 81
Slide 82: We’ll be right back after the break
We’ll be right back after the break 82
Slide 83: Next Phase of Commercial OE Growth
Next Phase of Commercial OE Growth 83
Slide 84: 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 85: Commercial OE strategy to create substantial value
Commercial OE strategy to create substantial value Expand Leadership in Strengthen long-standing customer relationships and deepen position on high- Attractive End Markets growth platforms by increasing content share and securing wins Invest in Differentiated Advance integrated, scalable technologie
Slide 86: Positioned for Commercial OE growth across end markets
Positioned for Commercial OE growth across end markets Commercial demand upcycle supports OE production ramp Robust content on key growth verticals Sustained momentum across commercial sectors Commercial narrowbody Increasing commercial build rates1 Record Airbus and Boeing backlog2 Critical system
Slide 87: Delivering next-gen aviation technology with Bombardier
Delivering next-gen aviation technology with Bombardier Deepens strategic OEM partnership with Bombardier across next-gen and in-service platforms Growing long-term relationship with Bombardier as a result of HONA’s differentiated technology ~$17B landmark agreement accelerates lifecycle economics i
Slide 88: Well-positioned to ramp Commercial OE
Well-positioned to ramp Commercial OE Accelerating backlog conversion supported by strong platform positioning, high system content, and structural end-market demand OE sales growth poised to accelerate Key drivers of OE growth Record, diversified backlog provides HSD% multi-year OE visibility MSD%1
Slide 89: Summary: Commercial OE
Summary: Commercial OE Positioned to accelerate Commercial Leveraging innovative commercial OE growth momentum on new solutions that drive through high-value business aviation electrification, content and multi-year platforms, increasing autonomy, and safety backlog visibility content from prior for
Slide 90: Global Commercial Aftermarket
Global Commercial Aftermarket Anthony Florian President, Commercial Aftermarket 90
Slide 91: 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 92: Commercial aftermarket strategy to create substantial value
Commercial aftermarket strategy to create substantial value Expand Leadership in Deliver on A&D upcycle and decoupled revenue opportunities as global fleets fly for longer Attractive End Markets Invest in Differentiated Invest in NPIs and develop upgradeable platforms and RMUs that enhance safety, c
Slide 93: Delivering growth by capturing attractive structural tailwinds
Delivering growth by capturing attractive structural tailwinds Growing demand drives maintenance, repair and upgrade opportunities Global Revenue Passenger Kilometers (RPK)1 Business aviation flight hours2 Total flight hours ~12.6T ~6% CAGR ~6.3M ~5% CAGR ~4.5M ~4.0T Fractional operator flight hours
Slide 94: Large and growing installed base drives recurring revenue
Large and growing installed base drives recurring revenue Diverse and comprehensive aftermarket support model drives resiliency Positioned to deliver and capture lifetime value Aftermarket revenue1 by business SPARES REPAIR & OVERHAUL BUSINESS JET WIDEBODY 65K RMU, USM & OTHER2 Commercial aircraft R
Slide 95: Attractive electronics and mechanical aftermarket models
Attractive electronics and mechanical aftermarket models Electronics enable upgrade-driven aftermarket growth while mechanical products provide recurring lifecycle maintenance revenue Electronics: continuous upgrades expand value over time Mechanical: well-positioned for strong services growth Lifec
Slide 96: RMUs expected to outpace total aftermarket growth
RMUs expected to outpace total aftermarket growth RMUs expand lifecycle value through upgrades and new capabilities focused on safety and efficiency Developing NPIs co-created with RMU growth not tied to flight “Develop once, deploy launch customers drives higher hours and adds new offerings and eve
Slide 97: Commercial aftermarket positioned for sustained growth
Commercial aftermarket positioned for sustained growth Distinct aftermarket dynamics shape service strategy focused on high-margin growth opportunities Growing above market on new technology narrowbodies Enhanced aftermarket capabilities to drive long-term growth HONA APU flight hour growth on A320n
Slide 98: Summary: Global Commercial Aftermarket
Summary: Global Commercial Aftermarket Robust support and Large and growing Positioned to drive service model enabling installed base drives above-market growth differentiated support recurring aftermarket through RMUs and and value capture for services over platform additional service broad install
Slide 99: Defense & Space
Defense & Space Matt Milas President, Defense & Space 99
Slide 100: 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 101: D&S strategy to create substantial value
D&S strategy to create substantial value Expand Leadership in Grow leading installed base by delivering on next-gen product ramp and capitalizing on Attractive End Markets global defense modernization momentum Invest in Differentiated Leverage commercial technologies while delivering breakthrough in
Slide 102: Leveraging commercial innovation to drive defense growth
Leveraging commercial innovation to drive defense growth Utilizing “develop once, deploy everywhere” approach to advance innovation and win in defense, creating significant barriers to entry Illustrative Examples Commercial Business Defense Air Transport Aviation & Space Precision Navigation (Ring L
Slide 103: 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 104: Well-positioned to drive meaningful growth in international defense
Well-positioned to drive meaningful growth in international defense HONA international defense sales Accelerating international sales… DD% HSD% ▪ International sales ~30% of Honeywell Aerospace’s Defense business in CAGR CAGR 2025 from ~18% in 2020; >$2B wins in 2025 ▪ Civitanavi expands EU footprin
Slide 105: Capturing the domestic defense opportunity
Capturing the domestic defense opportunity Bringing advanced, integrated defense across space, air, land and sea to power the dome Golden Dome: Multi-layer homeland shield Opportunities and impact Space custody Provides space-qualified sensors, navigation, and radiation- hardened electronics for sat
Slide 106: Critical supplier to U.S. DoW missile programs
Critical supplier to U.S. DoW missile programs Leading missiles and munitions portfolio well-positioned to capitalize on surging global demand Extensive missile and air defense systems content Electronic Solutions (50+ international programs) Control Systems GUIDANCE & FLIGHT SURFACE GUIDANCE TARGET
Slide 107: Mission critical role across high-value GMLRS ecosystem
Mission critical role across high-value GMLRS ecosystem 1 Honeywell Aerospace delivering continuous innovation for missile and munition platforms seeing unprecedented use Capitalizing on Guidance set Control actuation significant missile ▪ Core navigation system for standard and ▪ Enables extended r
Slide 108: Driving growth across advanced combat platforms
Driving growth across advanced combat platforms Utilizing portfolio breadth across three segments to expand content presence on the next multi-decade combat aircraft cycle Collaborative Combat Aircraft (CCA) 6th generation platforms Investments in AAM position HONA as a key partner in Cornerstone of
Slide 109: Positioned to accelerate growth in defense aftermarket
Positioned to accelerate growth in defense aftermarket Increased sustainment demand and RMUs powering durable growth cycle Aftermarket demand growing across global defense fleets Delivering attractive growth through RMUs ▪ Adds new offerings and capabilities to installed base Decades of underinvestm
Slide 110: Summary: Defense & Space
Summary: Defense & Space Enhance development Strong multi-domain Portfolio aligned to speed by leveraging global installed base the fastest-growing commercial innovations providing significant global defense priorities for Defense & Space RMU opportunities and next-gen architecture end markets Honey
Slide 111: Financial Overview
Financial Overview Josh Jepsen Chief Financial Officer 111
Slide 112: 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 113: 2026 outlook: setting a foundation for the future
2026 outlook: setting a foundation for the future FY organic FY end market organic growth expectations growth1 7–9% Commercial OE HSD% Pro forma standalone FY adjusted EBIT1,2 Commercial Aftermarket $4.65–4.75B MSD to HSD% Standalone 2H26 free cash Defense & Space flow1,3 $1.0–1.5B HSD% Honeywell Ae
Slide 114: 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 115: 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 Day 2026 1. 2025–2030E. 2. Non-GAAP financial measure. Refer to 115 Appendix for
Slide 116: 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 117: 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 118: 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 119: Strong sales and profit growth aligned to commercial mix
Strong sales and profit growth aligned to commercial mix Commercial Aftermarket to Commercial OE ratio of 3:1, positioned to move modestly lower over the medium-term Original equipment vs. aftermarket portfolio dynamics Positioned to deliver outsized original equipment growth Outsized aftermarket im
Slide 120: 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 Day 2026 1
Slide 121: 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 122: Summary: Financial Overview
2030 financial Summary: targets Financial Overview Organic Sales CAGR1,2 6–8% Adjusted EBIT2 Delivering above- market sales growth Generating strong adjusted EBIT growth Creating shareholder value underpinned by >$6.5B with investments in enabled by Honeywell robust free cash flow, innovation, suppl
Slide 123: Q&A Session
Honeywell Aerospac Q&A Session 2 1//% TITAN
Slide 124: Key takeaways
Key takeaways 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 “Develop once, deploy everywhere” R&D Enhan
Slide 125: Thank you for joining us
Thank you for joining us Have a great day 125
Slide 126: Additional 2026 guidance
Additional 2026 guidance Pro forma below the line expenses Interest expense ~$0.8B Honeywell trademark license fee ~$0.2B Additional below the line items1 ~$0.3–0.4B Other items Capital expenditures ~$0.65B Includes ~$0.1B related to transaction Honeywell Aerospace Investor Day 2026 1. Additional be
Slide 127: Non-GAAP Financial Measures
Non-GAAP Financial Measures The following information provides definitions and reconciliations of certain non-GAAP financial Management does not consider these non-GAAP measures in isolation or as an alternative to measures presented in this presentation to which this reconciliation is attached to t
Slide 128: Reconciliation of Honeywell Aerospace Technologies to Honeywell Aerospace
Reconciliation of Honeywell Aerospace Technologies to Honeywell Aerospace Sales, Adjusted Sales, Segment Profit, Adjusted EBIT, Proforma Adjusted EBIT, and Pro Forma Standalone Adjusted EBIT ($ in millions) 1Q26 2025 Honeywell Aerospace Technologies Net Sales $ 4,322 $ 17,510 (1) Flexjet-related lit
Slide 129: 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 130: 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 131: Reconciliation of Net Sales Excluding HTSI and Segment Margin
Reconciliation of Honeywell’s Aerospace Technologies Net Sales Excluding HTSI and Segment Margin Excluding HTSI and Calculation of Segment Margin Excluding HTSI ($ in billions) 2010 We define Net sales excluding HTSI as Aerospace Technologies’ net sales less Aerospace Technologies Segment the sales
Slide 132: Reconciliation of Adjusted Sales and Adjusted 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 133: 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 134: Reconciliation of Operating Cash 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
Slide 135: Leadership Team
Leadership Team a Honeywell “= Aerospace
Slide 136: Management for Honeywell Aerospace
Management for Honeywell Aerospace Jim Currier Josh Jepsen Bob Buddecke Chief Executive Officer Chief Financial Officer President, Electronic Solutions Jim Currier is the Chief Executive Officer of Josh joined Honeywell Aerospace in February Bob brings more than 28 years of leadership Honeywell Aero
Slide 137: Management for Honeywell Aerospace
Management for Honeywell Aerospace Rich DeGraff Dave Marinick Anthony Florian President, President, President, Control Systems Engines & Power Systems Commercial Aftermarket Rich has more than 17 years of diverse Dave is a seasoned executive with more than With more than 15 years of experience at ex
Slide 138: Management for Honeywell Aerospace
Management for Honeywell Aerospace Matthew Milas Linnea Whisler Karen Arlak President, President, Commercial Chief Human Defense & Space OE Manufacturing Resources Officer Matt brings more than 20 years of experience in Linnea is a highly accomplished executive with Karen is a proven human resources
Slide 139: Management for Honeywell Aerospace
Management for Honeywell Aerospace Krista Dixon John Donofrio Ben Driggs Chief Digital General Counsel Chief Commercial Technology Officer & Corporate Secretary and Strategy Officer Krista Dixon is a technology executive with 30 years of John brings extensive experience as a global legal Ben has mor
Slide 140: Management for Honeywell Aerospace
Management for Honeywell Aerospace Todd Giles Kathy Worthen Chief Technology Chief Integrated Officer Supply Chain Officer Todd is an experienced leader with 28 years at Kathy is a global supply chain and operations Honeywell Aerospace, where he has played a executive with nearly three decades of pi
Slide 141: Board of Directors
Board of Directors a Honeywell “= Aerospace
Slide 142: Board of Directors for Honeywell Aerospace
Board of Directors for Honeywell Aerospace Craig Arnold Jim Currier Bill Ayer Independent Chairman Chief Executive Officer of Former Chair and CEO Former Chair and CEO Honeywell Aerospace of Alaska Air Group of Eaton Corporation Craig Arnold is expected to serve as the Jim Currier is the Chief Execu
Slide 143: Board of Directors for Honeywell Aerospace
Board of Directors for Honeywell Aerospace Scott Davis David Denton Pascal Desroches Former Chair and CEO of EVP and CFO of Pfizer Senior EVP and CFO of United Parcel Service AT&T Inc. Scott Davis is the retired Chairman and Chief David Denton is the Executive Vice President Pascal Desroches is the
Slide 144: Board of Directors for Honeywell Aerospace
Board of Directors for Honeywell Aerospace Deborah Flint General David Mark Reuss President and CEO of the Goldfein (Retired) President of General Greater Toronto Airports 21st Chief of Staff of the Motors Authority U.S. Air Force Deborah Flint is the President and Chief General (Retired) David Gold
Slide 145: Board of Directors for Honeywell Aerospace
Board of Directors for Honeywell Aerospace The Honorable Michelle Seitz Dr. Will Roper Founder and CEO, Founder and CEO, MeydenVest Partners Istari Digital The Honorable Dr. Will Roper is the founder Michelle Seitz is the founder and Chief and Chief Executive Officer of Istari Digital, Executive Off
Slide 146: Glossary
Glossary a Honeywell “= Aerospace
Slide 147: Glossary for key abbreviations
Glossary for key abbreviations A&D Aerospace & Defense AAM Advanced Air Mobility AARGM-ER Advanced Anti-Radiation Guided Missile Extended Range AC Air Conditioning ACMs Application Control Management System ADIRU Air data inertial reference unit Adjusted EBIT Adjusted Earnings Before Interest and Ta
Slide 148: Glossary for key abbreviations
Glossary for key abbreviations ES Electronic Solutions ESSM Evolved SeaSparrow Missile EU European Union EVP Executive Vice President eVTOL Electric Vertical Take-off and Landing EW Electronic Warfare F124 Turbofan engine powering today’s most advanced military jet trainers and light combat fighters
Slide 149: Glossary for key abbreviations
Glossary for key abbreviations IMUs Inertial Measurement Units INS Inertial Navigation System IRU Inertial Reference Unit JetWave Type of high-speed satellite communications hardware LIG D&A LIG D&A is a leading developer of advanced precision electronic systems in the Republic of Korea LT conversio
Slide 150: Glossary for key abbreviations
Glossary for key abbreviations SATCOM Satellite Communications SHIELD Scalable Homeland Innovative Enterprise Layered Defense SURF-A Surface Alert T55 A Defense Turboshaft Engine powering military helicopters TFE731 A highly successful family of geared turbofan engines THAAD Terminal High Altitude A