Honeywell Aerospace CEO Jim Currier and other executives celebrate the official listing of the company on the NASDAQ stock exchange. (Honeywell Aerospace)
LONDON — Honeywell Aerospace, the freshly spun off defense and aerospace arm of Honeywell, is focused primarily on organic growth near-term, including major investments into its supply chain, CEO Jim Currier said Sunday.
However, he did not rule out merger & acquisition activity in the future, with the company open to M&A both domestically and internationally if it makes sense.
“We know exactly where we want to deploy capital, and it’s all going to be around driving organic growth of the business going forward,” Currier said at a media event here, held before the Farnborough Airshow. The demand for Honeywell Aerospace’s products has been increasing, Currier said, “and that just drives us to be able to have this focus around capital deployment that’s really geared 100% to the desired outcome of the business, [which is] to drive shareholder value.”
Asked to expand on that statement, Currier said he views capital allocation in four tiers of descending priority: organic growth, inorganic growth, dividends and stock buybacks.
