Honeywell Launches as Automation Company After Completing Aerospace Spin-Off
By Robb M. Stewart
Honeywell has completed the spin-off of its aerospace business, the culmination of a multiyear effort to unwind the once sprawling conglomerate.
Honeywell Aerospace begins trading on the Nasdaq market Monday alongside the new slimmed down Honeywell Technologies.
With the split from the aerospace operations, Honeywell has transformed into three independent companies following the separation in October of its advanced materials unit, Solstice Advanced Materials.
"This milestone is the culmination of years of disciplined execution and marks the conclusion of the portfolio transformation we began in 2023," Chairman and Chief Executive Vimal Kapur said.
Kapur said Honeywell Technologies is now positioned from automation to autonomy in the building, process and industrial sectors.
The spin-off of Honeywell Aerospace was completed with the distribution of outstanding shares of the business to Honeywell shareholders, on the basis of one Honeywell Aerospace shares for each two shares of the former parent company.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
June 29, 2026 07:29 ET (11:29 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
3 Stocks to Sell and 3 Stocks to Buy for November
This Once-Hot AI Stock Now Looks Deeply Undervalued
The 10 Best Companies to Invest in Now
Tech Stocks Sell Off as Intel, Amazon Earnings Spook Investors
United States