Summary
Honeywell International Inc. (HON) has officially completed the spin-off of its Aerospace Technologies business, which now operates independently as Honeywell Aerospace Inc. under the ticker symbol "HONA" on the Nasdaq. This separation was executed through a pro rata distribution of shares, with shareholders receiving one share of Honeywell Aerospace for every two shares of HON held as of the record date. Following the spin-off, Honeywell International Inc. will now operate as Honeywell Technologies and will no longer consolidate Honeywell Aerospace's financial results. The company also implemented a 2-for-1 reverse stock split for its own common stock, effective June 29, 2026, resulting in a reduction of authorized shares and a new CUSIP number for the "HON" stock.
Key Highlights
- 1Completion of the spin-off of Honeywell's Aerospace Technologies business into a standalone public company, Honeywell Aerospace Inc. (Ticker: HONA).
- 2Honeywell International Inc. will now operate as Honeywell Technologies and will cease to consolidate Honeywell Aerospace's financial results.
- 3A 2-for-1 reverse stock split of Honeywell Technologies (HON) common stock became effective on June 29, 2026.
- 4The spin-off involved a pro rata distribution of Honeywell Aerospace shares to HON shareholders.
- 5Definitive agreements, including a Separation and Distribution Agreement, Tax Matters Agreement, and Trademark License Agreement, have been finalized between Honeywell Technologies and Honeywell Aerospace.
- 6Mr. James Currier resigned as an executive officer of Honeywell Technologies to serve as President and CEO of Honeywell Aerospace.
- 7Aerospace Technologies business will be reported as discontinued operations starting Q3 2026, with retrospective restatement for comparative periods.