Honeywell Approves Spinoff of Aerospace Division into Two Public Companies
Honeywell has approved a spinoff plan that will separate its aerospace division from the rest of the company, creating two publicly traded entities: Honeywell Aerospace (ticker: HONA) and Honeywell Technologies (ticker: HON). The separation is set for June 29, 2026. Shareholders will receive one share in Honeywell Aerospace for every two shares they own.
Tickers: $HON
Topics: aerospace industry corporate restructuring stock market