Aerospace and defense specialist Honeywell
The primary driver for Honeywell's showing was its big aerospace segment, which improved its revenues 12.7% to $3.03 billion, while the automation and control unit grew just under 10% to $3.04 billion. The two smaller segments -- specialty materials and transportation systems -- checked in with a 3% decline and a 5.3% growth in revenues, respectively. The company also bought back 40 million shares of stock during the quarter, reducing the amount remaining under its previous authorization to about $200 million. But as boards of directors will do, Honeywell's has anted up another $3 billion for buybacks.
I find that Honeywell and its two primary competitors, Raytheon
At the same time, Honeywell and United Technologies both offer returns on equity of more than 21%, compared to Raytheon's figure, which is about half as high. And with its lower return on equity, Raytheon's debt level is easily the lowest of the three.
All in all, I'm convinced that Fools would be wise to familiarize themselves thoroughly with this sector -- which also includes Northrop Grumman
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