Honeywell Aerospace would consider buying smaller companies to do more work itself as it tackles quality problems and late deliveries from suppliers, CEO Jim Currier said.
His comments come as GE Aerospace moves to buy engine-parts supplier Consolidated Precision Products, or CPP, for $11.75 billion to ease engine supply shortages. Honeywell Aerospace’s CEO welcomed the deal, calling it “positive for the industry overall.”
Speaking at the Morgan Stanley Laguna Conference in Dana Point, California, on Septmeber 15, 2026, Currier said acquisitions could help Honeywell bring back work it had outsourced. He did not identify companies it might buy, Reuters reported.
Honeywell has spent the past two years bringing some technologies and work outsourced between 2010 and 2019 back into the company. Currier said there was more it could do.
About 70 suppliers still have quality or delivery problems, down from hundreds in 2022. Honeywell has sent dozens of skilled employees to two suppliers’ factories to help them add shifts. Currier said output at those factories over the past 30 to 45 days was about 30% higher than a year earlier.
Honeywell also buys parts from CPP, although Currier said they differ from those GE purchases.
GE announced its agreement to buy CPP on September 8, 2026. The engine maker said the purchase would help it increase parts production and develop new engine technology faster.
CPP makes precision metal castings, including airfoils and structural parts, for nearly every major current-generation commercial aircraft program. It also supplies defense and power customers. GE has bought parts from CPP for more than 15 years.
GE said it plans to invest more in CPP’s factories and workforce, add jobs and improve manufacturing processes to increase output and reduce quality problems. Owning CPP would also allow GE to work more closely on the design and manufacture of engine parts.
GE said it would continue working with other suppliers to increase production.
The deal is expected to close in the second half of 2027, pending regulatory approval and other conditions. GE plans to pay $7 billion in cash and borrow the rest.
GE once tried to buy Honeywell itself. The European Commission blocked that deal on July 3, 2001, concluding that the combined company would gain too much power in several aerospace markets.
US regulators had agreed to let the merger proceed with conditions, including the sale of Honeywell’s helicopter engine business and allowing another company to service certain Honeywell engines and auxiliary power units. But the European ruling stopped the deal.