...Broad-based end-market softness continues to be a headwind to revenue growth and earnings. COVID-19 continues to affect Honeywell's key end-markets, including aerospace, construction, and oil and gas. Although we are forecasting a consolidated 10%-15% topline decline, we believe these underperforming end-markets remain challenged and expect meaningful declines over the remainder of the year. We expect: + High-teens percentage declines in the aerospace segment in 2020, stemming from sharp declines in deliveries of new commercial aircraft and aftermarket sales due to decreases in air travel. + Low- to mid-teens percentage declines in Honeywell's Performance Materials & Technologies segment, with most exposure in downstream refining and petrochemical processing. + Its building technologies segment will also be down in the low- to mid-teens percent area, with ongoing project delays and site access challenges limiting the pace of recovery. Nonetheless, Honeywell's Safety and Productivity Solutions...
