Shares of Honeywell Aerospace tumbled Thursday morning, falling 19.96%, or $40.64, to $163.00, after the newly independent aerospace and defense supplier delivered its first quarterly report since separating from Honeywell International and disclosed a significant cut to its full-year sales and earnings guidance, citing persistent supply chain constraints. The company reported second-quarter organic sales of $4.5 billion, up 5% from a year earlier, alongside adjusted earnings of $1.78 per share. Honeywell Aerospace Chief Executive Jim Currier addressed the guidance cut directly, telling investors that the company's actions so far had not been good enough to keep pace with demand. Honeywell Aerospace also disclosed roughly $100 million in one-time charges tied to inventory adjustments and costs associated with its recent separation from Honeywell International, further weighing on reported profitability for the quarter. Strong Demand Signals Amid the Weak GuidanceDespite the disappointing outlook, the company's underlying demand picture remained notably strong.