Dive Brief:
- Honeywell International on Tuesday filed a Form 10 registration statement, marking a significant milestone in the regulatory process to spin off its aerospace division.
- The investor filing provided more details about Honeywell Aerospace, including its updated sales and income figures, as well as its forward-looking goals and overall business structure.
- The offshoot is expected to become a publicly traded company in the third quarter of 2026. It will be traded on the Nasdaq stock exchange under the ticker symbol “HONA,” according to the investor filing.
Dive Insight:
Honeywell is looking to spin off its aerospace division later this year to focus more on its core industrial automation and technology segments as artificial intelligence demand grows across manufacturing.
The company split from its advanced materials business, known today as Solstice Advanced Materials, last October. Honeywell Aerospace, if approved by regulators, would become one of the largest U.S.-based aerospace and defense suppliers.
“We are confident Honeywell Aerospace is well-prepared to stand on its own,” Honeywell chairman and CEO Vimal Kapur said in a statement this week. “As we continue to advance our portfolio transformation, we are sharpening both companies’ strategic focus, enhancing organizational agility, and aligning capital allocation to drive growth and create long-term shareholder value.”
In its latest investor filing, Honeywell revised its aerospace division’s earnings to reflect what they would look like from a standalone company. The offshoot generated $17.4 billion in sales during 2025. It also made net income of $1.5 billion during the period.
As a standalone company, according to the filing, Honeywell Aerospace will be divided into three operating segments: electronic solutions; engines and power systems; and control systems. Form 10 filings are used to register securities and provide transparency to investors about the finances and growth potential of prospective companies, according to Donnelley Financial Solutions.
Honeywell said its offshoot will continue to grow across commercial air transport, business aviation and defense and space, with a focus on efficiency, safety and connectivity of customer fleets. It also told investors that it will look to bring new systems, retrofits, modifications and upgrades to market, as well as support next generation platforms and increase aftermarket opportunities.
Honeywell Aerospace is scheduled to host an investor day on June 3 in Phoenix, where company leaders will provide more details on the spinoff’s business strategy, growth prospects and financial model.
