Profit And Sales Fall at Honeywell International.

Honeywell International, the manufacturing conglomerate, said Friday that fourth-quarter profit slipped 1 percent on lower sales from its aerospace and automation units. Honeywell said its profit fell to $698 million, or 91 cents a share, down from $707 million, or 97 cents a share, a year earlier. Sales fell 7 percent to, $8.07 billion from $8.7 billion. Sales from the aerospace unit fell 18 percent, the company said, because of lower volumes in the commercial aerospace aftermarket and lower original equipment sales. Sales from the automation and control solutions unit fell 4 percent, while transportation system sales rose 13 percent. Specialty material sales fell 5 percent. Stock in Honeywell, which is based in Morris Township, N.J., fell $1.18, to $38.64 a share. [ABSTRACT FROM PUBLISHER]