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1 week ago | 
today.westlaw.com | Utkarsh Shetti |Leroy Leo
(Reuters) -Honeywell will appoint activist investor Elliott Investment Management's Marc Steinberg to its board, the company said on Wednesday, ahead of its planned split into three independently listed companies.
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1 month ago | 
marketscreener.com | Allison Lampert |Utkarsh Shetti
(Reuters) -Howmet Aerospace raised its 2025 profit forecast on Thursday, despite impacts from U.S. tariffs, sending shares up 7.8% as the maker of castings and fasteners expects to pass on higher costs and sees strong demand from increased jet production. The U.S. aerospace industry is seeking a tariff exemption to alleviate rising production costs and supply-chain strain, but strong demand for parts continues to support some suppliers such as Howmet and Honeywell.
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1 month ago | 
marketscreener.com | Utkarsh Shetti
(Reuters) -Honeywell on Tuesday raised its 2025 profit forecast despite flagging a $500 million exposure to tariffs, saying it aims to cushion the impact through a mix of higher pricing and local sourcing. Shares rose 6% as the industrial and aerospace giant surpassed first-quarter expectations for revenue and profit and said its forecast accounts for the impact of tariffs on demand.
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1 month ago | 
theglobeandmail.com | Utkarsh Shetti
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1 month ago | 
ca.marketscreener.com | Utkarsh Shetti
(Reuters) -Honeywell's first-quarter revenue and profit beat Wall Street estimates on Tuesday, as a shortage of new jets fueled demand for its aerospace parts and aircraft maintenance services. Shares of the industrial and aerospace giant rose 5.5% in premarket trading as the company also raised the lower end of its annual profit expectation.
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1 month ago | 
today.westlaw.com | Utkarsh Shetti |Shounak Dasgupta
(Reuters) - Spirit Airlines said on Thursday it has received an approval to list its shares on the NYSE American, weeks after the low-cost carrier emerged from bankruptcy. The company said its shares are expected to begin trading on April 29.
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1 month ago | 
in.marketscreener.com | Mike Stone |Utkarsh Shetti
WASHINGTON (Reuters) -Major U.S. defense contractors are mostly maintaining their financial forecasts for 2025, saying it is too soon to understand the impact of U.S. President Donald Trump's tariffs. Lockheed Martin, the largest defense firm, reaffirmed its forecasts for the year on Tuesday, buoyed by resilient demand for its missile systems and fighter jets.
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1 month ago | 
gazette.com | Utkarsh Shetti |Mike Stone
By Utkarsh Shetti and Mike Stone(Reuters) -Northrop Grumman cut its annual profit forecast after it posted a 49% slump in first-quarter earnings on Tuesday, as it booked losses on its B-21 stealth bomber program due to higher costs, sending its shares down 12%. The company also missed Street estimates for quarterly sales but reaffirmed its sales forecast for the year, even amid growing concerns of uncertainty in the wake of U.S. President Donald Trump's tariffs.
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1 month ago | 
marketscreener.com | Utkarsh Shetti |Mike Stone
(Reuters) -RTX on Tuesday cautioned that U.S. President Donald Trump's tariffs could chip away $850 million from its 2025 profits, sending its shares down 8.5%, even as it beat expectations for quarterly results and reaffirmed its full-year forecasts. It arrived at the figure on assumptions that customers do not change buying habits, Canada, Mexico, steel and aluminum tariffs remain at 25%, China tariffs remain at 145% and global reciprocal tariffs remain at 10%.
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1 month ago | 
gazette.com | Utkarsh Shetti |Mike Stone
By Utkarsh Shetti, Mike Stone(Reuters) -Lockheed Martin reported a higher first-quarter profit on Tuesday and reaffirmed its forecasts for the year on the back of resilient demand for its missile systems and fighter jets. Shares of Lockheed were up 3% in pre-market trading on Tuesday as the company posted earnings per share of $7.28 beating Wall Street analyst expectations of $6.34. U.S. President Donald Trump's trade war has rattled markets and upset some allies.
