Honeywell's Board of Directors has formally approved the spin-off of its Aerospace Technologies business into an independent, publicly traded company named Honeywell Aerospace Inc. The separation will be completed through a pro rata distribution to existing Honeywell shareholders. The remaining company, focusing on automation, will be known as Honeywell Technologies.
Key Details
- Distribution Date: The spin-off is effective at 12:01 a.m. (New York City time) on June 29, 2026.
- Distribution Ratio: Shareholders will receive one share of Honeywell Aerospace for every two shares of Honeywell common stock held as of the record date, June 15, 2026.
- New Entity: Honeywell Aerospace Inc. is expected to trade on the Nasdaq under the ticker symbol "HONA".
- Board Changes: Four directors (Craig Arnold, William Ayer, D. Scott Davis, and Deborah Flint) will resign from the Honeywell board upon completion of the spin-off to join the board of Honeywell Aerospace. A fifth director, Jillian Evanko, resigned effective immediately for unrelated reasons.