Honeywell is detecting “modest improvement” in commercial aftermarket sales as 2013 wraps up, giving the company confidence that the stagnation of the last three years could be supplanted by a steeper uptick in demand. The company is projecting 3%-5% organic growth in total 2014 aftermarket sales, driven by a bump in air transport and regional (ATR) flight hours and continued solid demand for business aviation retrofits, modifications, and upgrades (RMU). Honeywell provided the details ...
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