5 Best Performing Dow Stocks So Far in 2026

3. Honeywell International Inc. (NASDAQ:HON)

Year-to-date return as of April 16: 17.10%

On April 2, 2026, Innovative Aerosystems announced that it had acquired an exclusive perpetual license from Honeywell International Inc. (NASDAQ:HON) encompassing power-generating systems for commercial and defense aircraft. The agreement pertains to customer contracts, intellectual property, OEM and aftermarket production and repair rights, and program assets. The corporation also acquired testing equipment, tooling, and technical data for Power Generators and Generator Control Units used on Boeing 767 aircraft, the KC-46 tanker, and the F-15 platform.

According to  Chief Executive Officer Shahram Askarpour of Innovative Aerosystems, the deal extends electrical power generation capabilities while also strengthening the company’s lifecycle support approach. The systems generate, condition, and regulate onboard electrical power for avionics, flight controls, and communications. The acquisition expands client access across commercial and defense fleets. It also offers long-term sustainment and engineering services. Innovative Aerosystems claimed that its goal is to ensure service continuity for operators while leveraging integrated engineering and production capabilities.

Honeywell International Inc. (NASDAQ:HON) is a software industrial firm that provides industry-specific solutions for aerospace and automotive products and services. It works in the following business segments: Aerospace Technologies, Industrial Automation, Building Automation, Energy and Sustainability Solutions, and Corporate and Other.