Honeywell struggling but poised for return to glory

Like many other companies working with the aviation industry, Honeywell International Inc. is struggling. However, the industry giant's aerospace business, headquartered in Arizona, is playing a key role in major projects that can quickly reverse its fortunes and move it back to its lofty spot as one of the world's largest suppliers of aircraft products, including parts for business-jet manufacturers such as Gulfstream, Cessna and Piper.

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