Honeywell Aerospace Forecast Cut: Cramer Highlights Credibility Concerns

Honeywell Aerospace Inc. (NASDAQ:HONA) saw its 2026 organic sales growth forecast revised downward to a range of 4% to 5%, a notable decrease from its prior projection of 7% to 9%. This guidance cut followed a second-quarter earnings report where the company missed analyst expectations for both revenue and earnings. Jim Cramer, an erstwhile supporter of the aerospace spinoff, expressed concern over the company's handling of supply chain issues, stating that the delay in disseminating information about these problems had called the company's credibility into question. He suggested that management's approach was a "rookie mistake" and a "suboptimal way to report." Despite these concerns, the company reported an $18.5 billion backlog and an 8% growth in its aftermarket business to $1.8 billion, indicating ongoing demand.