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Honeywell Posts First Profit Drop Since 2011 on Jet Slump

Honeywell International Inc. reported quarterly profit that fell for the first time since at least 2011, as sales of aerospace parts and industrial goods weakened.

Net income was $1.24 billion, or $1.60 a share, down from $1.26 billion a year ago, Honeywell said in a statement on Friday. Revenue rose 2 percent to $9.8 billion, in line with the level that Honeywell projected in a preliminary earnings announcement Oct. 6.

Weakness in business aircraft, helicopters and industrial...


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