Honeywell completes aerospace spin-off, splits into 3 companies

Honeywell Technologies (NASDAQ: HON) completed the spin-off of its Aerospace Technologies business on June 29, 2026, with the unit now operating as Honeywell Aerospace (NASDAQ: HONA) and trading on Nasdaq under that ticker symbol.

Honeywell Technologies will continue trading on Nasdaq under the ticker symbol "HON." The separation marks the completion of a portfolio restructuring that began in 2023, resulting in three independent companies: Honeywell Technologies, Honeywell Aerospace, and Solstice Advanced Materials.

The spin-off was executed through a distribution of all issued and outstanding shares of Honeywell Aerospace common stock to Honeywell Technologies shareowners of record as of June 15, 2026. Shareowners received one share of Honeywell Aerospace for every two shares of Honeywell Technologies held at the close of business on that date. Cash was paid in lieu of any fractional shares.

Concurrently, Honeywell Technologies completed a 1-for-2 reverse stock split. The move reduced shares outstanding from approximately 634 million as of March 31, 2026, to approximately 317 million. The number of authorized shares was also reduced from 2 billion to 1 billion. The stock now trades under a new CUSIP number (438516205).

Honeywell Technologies will file a Current Report on Form 8-K presenting the former Aerospace Technologies business as discontinued operations, along with the former Advanced Materials business, which was previously classified as discontinued operations effective Q4 2025. The filing will include recast historical financial data for fiscal years 2024 and 2025 and Q1 2026.

Goldman Sachs & Co. LLC served as lead financial advisor and Morgan Stanley & Co. LLC acted as financial advisor to Honeywell Technologies. Wachtell, Lipton, Rosen & Katz and DLA Piper LLP provided legal counsel.

"With the completion of this separation, we have successfully transformed Honeywell into three independent, industry-leading companies," said Vimal Kapur, Chairman and CEO of Honeywell Technologies.

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