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Shares of Honeywell International Inc. fell in extended trading Monday after the conglomerate cut its outlook for the months ahead, citing the costs of investing in a new tech-focused collaboration with jet maker Bombardier announced earlier in the day.
Honeywell
HON — which manufactures products that help power jets, and also makes building and safety technology as well as things like thermostats and air purifiers for homes — said that under the collaboration, it would bring new avionics, propulsion and satellite communications technology to Bombardier jets.
This post was originally published on Market Watch
