“This spin-off of Honeywell’s aerospace division will enhance shareholder value by allowing the aerospace business to focus on its core operations, unlocking greater growth potential and market efficiency.”
-Shruti Gurudanti, leader of Rose Law Group’s space law practice
By Collin Huguley, Jeff Gifford | Phoenix Business Journal
Phoenix-based Honeywell Aerospace Technologies is going to become a separate entity now that Honeywell International Inc. (Nasdaq: HON) plans to follow through with a major shake-up, splitting its businesses into three publicly traded companies.
The Charlotte, North Carolina-based conglomerate announced Thursday before the markets opened that it would separate its aerospace business, based in Arizona, and its automation unit. The action comes after Honeywell announced in December it would consider the separation after calls to do so in November from Elliott Investment Management. The separation is expected to be completed in the second half of 2026.
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