Honeywell Cuts Sales Target

Honeywell International ($HON@US) said Friday it plans to cut its sales forecast for the rest of the year, noting a shortage of parts needed to complete orders. Most notably, the firm will see slowdowns in the aerospace division, famous for producing electronic components, flight recorders, and cockpit instruments. The firm’s safety and productivity solutions team will also be hit, leading to trouble for some of its biggest customers, like Amazon ($AMZN@US). Honeywell stock fell 1.6% in early trading even as net sales rose nearly $600 million year over year.