Honeywell’s board of directors has formally approved the planned spin-off of Honeywell Aerospace, clearing the way for one of the world’s largest aerospace and defence suppliers to become an independent publicly traded company.
The separation is expected to take effect on June 29, when Honeywell will distribute all issued and outstanding shares in Honeywell Aerospace to existing Honeywell shareholders. Investors of record on June 15 will receive one share in the new aerospace company for every two Honeywell shares held. Honeywell Aerospace is expected to trade on Nasdaq under the ticker symbol HONA, while the remaining automation-focused business will continue under the HON ticker as Honeywell Technologies.
Honeywell said the move represents a major step in its wider portfolio transformation, following the earlier separation of Solstice Advanced Materials. Chairman and chief executive Vimal Kapur said the transaction would create “two independent industry leaders”, with clearer strategies and growth drivers.
Ahead of the split, Honeywell has also unveiled refreshed branding for both businesses. Honeywell Aerospace will retain its name and continue to focus on mission-critical systems and technologies for commercial aviation, business aviation, defence and space customers. Its portfolio includes electronic systems, engines and power systems, control systems, avionics, auxiliary power units and advanced cockpit technologies.
The company has positioned the standalone aerospace business around electrification, autonomy and safety, with CEO Jim Currier outlining plans to expand aftermarket services, strengthen supply chains and invest in next-generation aviation technologies. Honeywell Aerospace says its long-life platform positions and installed base will provide significant recurring aftermarket opportunities after the separation.
