Honeywell Drops Most in Five Years as Private-Jet Slump Persists

  • Weak demand is likely to spill into next year, company says
  • Shares of business-jet makers Textron, Bombardier also drop

Honeywell International Inc. tumbled the most in more five years after it said weaker-than-expected demand for business aircraft caused it to miss a profit forecast and cut the top end of its 2016 earnings target.

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