On July 16, Honeywell Aerospace rose 3.01% in regular trading, trading at 213.23 USD/share, with turnover of $195 million.

On the news front, TAT Technologies announced an expanded partnership with Honeywell Aerospace, becoming the global authorized distributor of spare parts for the 331-200/250 auxiliary power unit platform. Under the deal, TAT also extended its maintenance, repair, and overhaul licenses for the platform until 2036 and acquired three Honeywell Aerospace 131-9A APUs to expand its trading and leasing business.

Additionally, RBC Capital Markets previously initiated coverage of Honeywell Aerospace with an outperform rating and a $300 price target, citing the company's leading position on key programs including sole-source status on 737 and A320 auxiliary power units. RBC modeled 8.2% growth for the current year, noting that end-market mix supports upside to mid-term topline guidance with business aviation and pricing power as key catalysts.

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