Honeywell Aerospace Chief Executive Officer Jim Currier stated that the company would consider acquiring smaller firms to perform more manufacturing work internally, addressing ongoing supplier quality problems and delivery delays. Speaking at the Morgan Stanley Laguna Conference in Dana Point, California, on September 15, 2026, Currier explained that targeted acquisitions could help Honeywell Aerospace bring back specialized work that had been outsourced between 2010 and 2019.
Over the past two years, Honeywell Aerospace has actively worked to bring back some of the technology and manufacturing operations previously assigned to external suppliers. Currier noted that approximately 70 suppliers continue to experience quality or delivery issues, down significantly from hundreds of affected suppliers in 2022. To help resolve these bottlenecks, Honeywell Aerospace dispatched dozens of skilled employees to two supplier factories, helping increase production output over the past 30 to 45 days by about 30 percent compared to the previous year.
During his remarks, Currier also welcomed GE Aerospace's proposed $11.75 billion acquisition of engine component manufacturer Consolidated Precision Products, describing the agreement as positive for the aerospace industry overall. GE Aerospace announced its agreement to acquire Consolidated Precision Products on September 8, 2026, seeking to ease engine supply shortages, expand parts manufacturing capacity, and accelerate the development of new engine technologies.
Consolidated Precision Products produces precision metal castings, including airfoils and structural components, for nearly every major current-generation commercial aircraft program. The acquisition deal is expected to close in the second half of 2027, pending regulatory approval and other standard closing conditions, with GE Aerospace planning to fund $7 billion of the transaction in cash and borrow the remainder.
