Honeywell Aerospace Cleared for June 29 Stock Spinoff

Honeywell Aerospace is set to complete a spinoff from its parent company after the group’s board of directors approved completion of the process on Monday. From June 29, stock in the separate Honeywell Aerospace business will be traded on New York’s Nasdaq alongside Honeywell Technologies, which the group describes as a “pure-play automation business.”

Based on previous Form 10 filings with the U.S. Securities and Exchange Commission, Honeywell Aerospace will be organized around three operating units: electronic solutions, engines and power systems, and control systems. Respectively, these produced $6.8 billion, $5.4 billion, and $5.2 billion of group-wide net sales in 2025.

Ahead of the June 29 “Distribution Date,” Honeywell shares will trade in two ways, with buyers having the option to convert their holdings into Honeywell Aerospace (HONA) common stock once the previously announced one-for-two reverse stock split in Honeywell Technologies (HON) equity takes effect. Honeywell has previously reported that the spun-off aerospace venture has secured $4 billion in senior unsecured credit facilities on the basis of the separation.

“Today’s announcement clears the path to establishing two independent industry leaders in Honeywell Aerospace and Honeywell Technologies and also reflects our significant portfolio transformation over the past three years,” said Honeywell chairman and CEO Vimal Kapur.

Honeywell Aerospace will be led by president and CEO Jim Currier, with former Eaton CEO Craig Arnold as independent chairman.