Honeywell has finalized the previously announced tax-free spin-off of its Aerospace Technologies business into a new, independent public company, Honeywell Aerospace (Nasdaq: HONA). In conjunction with the separation, Honeywell also completed a 1-for-2 reverse stock split of its common stock.
Key Highlights
- The spin-off was completed through a pro rata distribution where Honeywell shareholders received one share of Honeywell Aerospace for every two shares of Honeywell common stock held.
- Concurrent with the spin-off, a 1-for-2 reverse stock split of Honeywell common stock became effective, with the stock beginning to trade on a split-adjusted basis on June 29, 2026.
- Following the separation, the Aerospace Technologies business will be reported as discontinued operations in Honeywell's financial statements beginning in the third quarter of 2026.