Honeywell Aerospace Spinoff Set for Third Quarter

The spinoff of Honeywell Aerospace from parent company Honeywell moved one step closer this week with the submission of a registration statement. Filed with the U.S. Securities and Exchange Commission, the Form 10 documentation “reflects the strong progress we are making,” said Honeywell CEO and chairman Vimal Kapur. The planned spinoff is expected to be completed in the third quarter.

Honeywell Aerospace will be structured into three operating segments: electronic solutions, engines and power systems, and control systems. These segments generated $6.8 billion, $5.4 billion, and $5.2 billion, respectively, of Honeywell’s net sales in 2025.

According to Honeywell Aerospace president and CEO Jim Currier, the soon-to-be-spun-off company is “well-positioned to capitalize on resilient travel demand, growing global defense budgets, and [Honeywell’s] record backlog.”

Honeywell’s aerospace technology sales last year grew organically by 21%, while commercial aftermarket sales also rose by 13%. Defense and space sales climbed 10%. Kapur said the subsidiary is “well-prepared to stand on its own” with its “unique combination of platform positions across commercial air transport, business aviation, defense, and space markets.”

In connection with the planned spinoff, Honeywell Aerospace has secured $4 billion in senior unsecured credit facilities.