Honeywell completes spin-off of aerospace business into independent public company
Honeywell International Inc. completed the spin-off of its Aerospace Technologies business on June 29, 2026, distributing all shares of Honeywell Aerospace Inc. to Honeywell stockholders on a pro-rata basis (one Aerospace share for every two Honeywell shares held as of June 15, 2026). Honeywell Aerospace Inc. commenced trading on Nasdaq under ticker HONA, and Honeywell rebranded as Honeywell Technologies. The separation included a $15.1 billion to $16.6 billion cash distribution to Honeywell and execution of multiple agreements governing the split, including a Separation and Distribution Agreement, Transition Services Agreement, Tax Matters Agreement, and Employee Matters Agreement.
Key facts
- Distribution completed June 29, 2026, effective 12:01 a.m. EDT
- Distribution ratio: one Aerospace Common Stock share for every two Honeywell Common Stock shares held as of June 15, 2026 record date
- Aerospace Cash Distribution of $15.1 billion plus up to $1.5 billion additional
- Honeywell Aerospace Inc. ticker: HONA, CUSIP 43849R105, trading on Nasdaq beginning June 29, 2026
- Honeywell rebranded to Honeywell Technologies following distribution
- Craig Arnold III appointed Chairman of Aerospace board
- James Currier appointed President and CEO of Aerospace
- Separation governed by Separation and Distribution Agreement, Tax Matters Agreement, Employee Matters Agreement, Transition Services Agreement, and other ancillary agreements
- Fractional shares aggregated and sold, with net proceeds distributed pro rata to entitled shareholders
- Honeywell retains no equity interest in Aerospace following distribution
Why it matters
The completed spin-off separates Honeywell's aerospace business (electronic solutions, engines and power systems, control systems for aircraft and spacecraft) into an independent public company, allowing each entity to pursue distinct strategic priorities and serve their respective markets independently.
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Derived from 8-K filed 2026-06-29. Not investment advice. View the source filing on SEC.gov →