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Honeywell Splitting Up, Aerospace To Become Independent Business In 2026

By Cal Biesecker

Thursday, February 6th, 2025

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Honeywell Splitting Up, Aerospace To Become Independent Business In 2026

Honeywell Aerospace's defense products include power and thermal management systems, and onboard oxygen generation. Photo: Honeywell

Following activist shareholder pressure and a portfolio review, Honeywell [HON] on Thursday said it would separate into three separate companies, including the $15 billion Aerospace segment into its own publicly traded business. The separation will take effect in the second half of 2026, and along with the separation of the Automation segment, will be tax-free to shareholders, the company said. The remaining business, Advanced Materials, will be spun-out as planned, Honeywell said. “As Aerospace prepares for unprecedented demand in the…

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