Honeywell to Split Into Honeywell Aerospace and Honeywell Technologies With June 29 Distribution

Overview

• Honeywell’s board formally approved the spin-off that will distribute Honeywell Aerospace shares on June 29 with shareholders of record set on June 15 and when‑issued trading under HONAV beginning around June 15.
• Under the separation plan shareholders will receive one share of Honeywell Aerospace for every two HON shares they hold and the continuing automation business will be renamed Honeywell Technologies and undergo a 1‑for‑2 reverse stock split.
• Regulatory and governance steps needed to proceed are complete, including the SEC declaring Honeywell Aerospace’s Form 10 effective, clearing the way for regular‑way trading of Aerospace under the ticker HONA on June 29.
• Investors pushed HON higher after the board vote, with the stock trading well above its early‑year level and market commentary saying the move may unlock value by creating two pure‑play companies with clearer peers.
• Management projects at least 6% compound annual sales growth for Honeywell Aerospace through the decade and faster earnings and cash‑flow growth, a target that could change capital allocation and investor interest in both companies and affect short‑term liquidity because of the new trading mechanics.