Honeywell announces a new collaboration with Bombardier. But it'll weigh on this year's profit.
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Honeywell International Inc. announced a new collaboration with Bombardier, which will impact its profits this year due to investment costs. This led to a cut in Honeywell's outlook and a drop in its share price.
December 02, 2024 | 11:00 pm
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Honeywell's collaboration with Bombardier will weigh on its profits this year due to investment costs, leading to a cut in its financial outlook and a drop in share price.
The announcement of the collaboration with Bombardier involves significant investment costs, which Honeywell has indicated will negatively impact its profits for the year. This has led to a downward revision of its financial outlook, causing a decline in its share price.
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