Honeywell Completes Aerospace Spin-off and Executes Reverse Stock Split

Starting today, Honeywell Aerospace begins trading on the Nasdaq under the ticker symbol HONA. Honeywell Technologies remains on the exchange as HON, following a 1-for-2 reverse stock split that reduced its outstanding shares from approximately 634 million to 317 million. This restructuring concludes a strategic roadmap initiated in 2023, which also saw the departure of Solstice Advanced Materials.

Chairman and CEO Vimal Kapur described the separation as a defining moment for the company's legacy. By shedding its aerospace division, Honeywell Technologies aims to concentrate exclusively on the building, process, and industrial sectors. The company intends to leverage its existing installed base and data intelligence to shift its portfolio from traditional automation toward autonomous operations. To facilitate this transition, Honeywell will file updated financial reports that present the aerospace and advanced materials segments as discontinued operations, providing a clearer view of the remaining business's performance.