Honeywell Senior Vice President and Chief Financial Officer David Anderson told financial analysts Dec. 13 that the company's defense business will include a greater amount of logistics and equipment reset than in the past. Honeywell expects its aerospace sales to grow 5-7 percent in 2008 and profits to grow 9-13 percent compared to 2007 -- an outlook that anticipates a modest 4 percent increase in U.S. military spending. Defense business accounts for 40 percent of sales in ...
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