Summary
Honeywell International Inc. has officially announced and approved the spin-off of its Aerospace Technologies business into a new, independent publicly traded company, to be named Honeywell Aerospace Inc. This significant corporate event, scheduled for June 29, 2026, will see shareholders receive one share of Honeywell Aerospace for every two shares of Honeywell International they own as of the record date, June 15, 2026. This strategic move aims to unlock value and allow each entity to focus on its respective growth opportunities and strategic priorities. In conjunction with the spin-off, several board members, including Messrs. Craig Arnold, William Ayer, and D. Scott Davis, along with Ms. Deborah Flint, will be resigning from the Honeywell International Board to join the Board of Directors of the newly formed Honeywell Aerospace Inc. These resignations are effective upon the consummation of the spin-off and are not due to any disagreements. Separately, Ms. Jillian Evanko has resigned from the Honeywell International Board due to other professional commitments.
Key Highlights
- 1Board approval granted for the spin-off of the Aerospace Technologies business.
- 2New independent company to be named Honeywell Aerospace Inc.
- 3Shareholders will receive one share of Honeywell Aerospace for every two shares of Honeywell International held on the record date.
- 4Distribution Date set for June 29, 2026.
- 5Record Date for distribution is June 15, 2026.
- 6Several directors are transitioning to the Board of Honeywell Aerospace Inc.
- 7One director resigned due to other professional commitments.