Honeywell Dives On Aerospace Warning; GE, Textron, United Tech Fall Too

Honeywell (HON) fell sharply Friday after the aerospace and building systems industrial giant cut profit and sales forecasts, citing weaker business jet and general aviation shipments.Honeywell warned late Thursday that it sees full-year earnings per share of $6.60-$6.64, down from its prior forecast of $6.60-$6.70. It now sees core organic sales down 1%-2% vs. the prior target for a 1% decline.Slumps in emerging markets and the oil industry have crimped demand for business aircraft and helicopters, CEO Dave Cote said on a Friday morning conference call