
Major U.S. industrial firms are set to end higher in 2025
YTD, GE Aerospace GE.N up 87% and 3M MMM.N up 25%; Honeywell HON.O down 7.74%
Strong air travel demand, as well as delays in production of new planes, has forced airlines to keep flying older, less fuel-efficient jets and spend billions on maintenance, aiding firms like GE
MMM raised its annual profit forecast in October this year, banking on higher-margin products and tighter cost controls
Earlier this month, HON said it expects to record a one-time charge of about $470 million in Q4 related to a potential settlement in litigation linked to private aviation company Flexjet
Earlier this year, Honeywell said it would break up its large conglomerate structure to create three independent companies focused on automation, aerospace and advanced materials
S&P 500 Industrial Conglomerates (Industry) .SPLRCICON up 2.77% YTD