“We Don’t See the Defense Demand Waning at All,” Says Honeywell International (HON)’s Jim Currier

Honeywell International Inc. (NASDAQ:HON) earns a place on our list of the 11 most overvalued companies according to the media.

“We don’t see the defense demand waning at all,” Says Honeywell International (HON)’s Jim Currier

As of March 20, 2026, 54% of covering analysts maintain bullish ratings for Honeywell International Inc. (NASDAQ:HON). However, amid valuation concerns, the consensus price target of $252.50 implies an upside of less than 15%.

On the same day, Reuters reported analysts’ views that rising global defense spending due to ongoing wars, including those involving Iran and Ukraine, as well as robust demand from aircraft makers like Boeing and Airbus, are contributing to increased output.

Honeywell International Inc. (NASDAQ:HON)’s intended aerospace spin-off is supported by the dual-cycle upturn in commercial aerospace and defense demand.

High single-digit growth in both defense and commercial segments is anticipated for Honeywell Aerospace, which is scheduled to split off in the third quarter of 2026. According to CEO Jim Currier, international tensions are driving increasing demand for defense.

“We don’t see the defense demand … waning at all. The heightened geopolitical concerns and conflicts that are happening around the world, and have been for quite some time, are fueling a substantial amount of investment in the defense sector,” Honeywell Aerospace CEO Jim Currier commented.

Honeywell International Inc. (NASDAQ:HON) remains well-positioned to benefit as it prepares for the split, with about 60% of its sales coming from the commercial sector and 40% from defense.

Honeywell International Inc. (NASDAQ:HON) is a diversified industrial company that offers automation, energy solutions, and aircraft systems. Its aerospace division supplies engines, avionics, and components to the commercial aviation and international defense industries.

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