Honeywell Aerospace becomes standalone company¶
- Executives say the split will allow Honeywell Aerospace to focus more intently on its core markets.Honeywell International has completed its planned spin off of Honeywell Aerospace into a publicly traded independent firm, a move the aerospace company says leaves it better positioned to expand, invest and generate long-term profits. Honeywell International has completed its planned spin off of Honeywell Aerospace into a publicly traded independent firm, a move the aerospace company says leaves it better positioned to expand, invest and generate long-term profits.
Charlotte-based Honeywell divested the former subsidiary on 29 June, marking the last step in a break up of the once-mighty conglomerate.
“Today marks the start of a new era for Honeywell Aerospace,” says the company’s chief executive Jim Currier.
“We are poised to deliver significant value for our customers and shareholders by leveraging a best-in-class operating system to expand our leading market positions, investing in our supply base and innovation to drive profitable growth, and pursuing disciplined capital allocation,” he adds.
In divesting the aerospace business, Honeywell International granted its shareholders one share of Honeywell Aerospace stock for every two shares of the former parent’s stock.
Honeywell Aerospace now trades on the Nasdaq stock exchange under the symbol “HONA”.
The company is composed of three businesses: Engine & Power Systems, Control Systems and Electronic Solutions.
The Engine division, with $5.4 billion in 2025 revenue, produces powerplants including the HTF7000 turbofans that power business jets including Bombardier Challenger 300 and 350s, Cessna Citation Longitudes, Gulfstream G280s and G300s, and Embraer Praetor 500s and 600s. It also makes turbofans for jet trainers, helicopter turboshafts and auxiliary power units.
The Control business, with $5.2 billion in 2025 revenue, makes environmental, motion control, anti-ice, lighting, braking, cabin pressure and other systems, while the $6.8 billion Electronic Solutions division produces avionics, air data systems, radios, navigation equipment, electromagnetic defence products and space components.
Charlotte-based Honeywell in 2024 began the process of breaking into three firms. First, in 2025, it divested its advanced materials business. The Honeywell Aerospace spin leaves the legacy Honeywell holding an automation business.
Analysts view the split positively for Honeywell Aerospace, which they say suffered under its former parent from lack of focus, insufficient investment and customers-service issues.Subscribe to gain access to all newsAlready have a subscription?Log in.Choose your subscriptionConsidering a corporate subscription?Contact usto find out more.
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- Tags:
- Aerospace
- Air Transport
- North America
- United States