Facing headwinds in the U.S. budget, Honeywell's defense and space group is seeing its international sales grow at a much faster pace and anticipates overseas business will make up more than one-third of its sales within five years. Carey Smith, president of the defense and space group, told reporters on Monday that international sales today make up about 27 percent of the unit's $4.8 billion in total annual revenue. Close to one-quarter of Honeywell's sales are from aftermarket work, while...
