Bengaluru: Honeywell Aerospace officially began operating as an independent company after Honeywell Technologies announced the successful completion of the previously announced spin-off of its Aerospace Technologies business.
Honeywell Aerospace will begin trading on the Nasdaq Stock Market under the ticker symbol “HONA”, while Honeywell Technologies will continue trading under the ticker symbol “HON”.
The completion of the transaction marks the conclusion of Honeywell’s previously announced plan to create three independent, focused market leaders.
Alongside Honeywell Aerospace and Honeywell Technologies, Solstice Advanced Materials has also emerged as a standalone company following the portfolio transformation.
Shares of Honeywell Technologies will continue to trade “regular way” on the Nasdaq Stock Market LLC (Nasdaq) under the ticker symbol HON, while shares of Honeywell Aerospace common stock will begin trading “regular way” under the ticker symbol HONA, effective at the market opening today.
Vimal Kapur, Chairman and CEO of Honeywell Technologies, said: “Today is a defining moment in Honeywell’s legacy. With the completion of this separation, we have successfully transformed Honeywell into three independent, industry-leading companies: Honeywell Technologies, Honeywell Aerospace and Solstice Advanced Materials.
Each company is built around a distinct strategy with greater focus and financial flexibility to pursue a long-term growth agenda.”
He further added: “This milestone is the culmination of years of disciplined execution and marks the conclusion of the portfolio transformation we began in 2023. As standalone companies, Honeywell Technologies and Honeywell Aerospace are uniquely positioned to accelerate innovation, invest with greater precision and capitalize on the value creation opportunities in our respective industries.
We are confident each company is strongly positioned to create enduring value for decades to come.”
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Following the separation, Honeywell Technologies said it is positioned to lead the industrial sector’s transition from automation to autonomy through a portfolio spanning the building, process and industrial sectors.
The company stated that it combines deep domain expertise with decades of operational data from its global installed base to deliver mission-critical services, solutions and products that improve safety, productivity, efficiency and uptime. The launch of Honeywell Aerospace as an independent business forms a significant part of this transformation.
The spin-off became effective at 12:01 a.m. New York City time through the distribution of all issued and outstanding shares of Honeywell Aerospace common stock to Honeywell Technologies shareowners of record.
Under the terms of the distribution, shareholders received one share of Honeywell Aerospace common stock for every two shares of Honeywell Technologies common stock held at the close of business on June 15, 2026, the record date for the transaction.
Shareowners entitled to fractional shares will receive cash in lieu of those fractional holdings.
Honeywell Technologies stated that additional information related to the spin-off and prior transactions is available in the “About Our Spin-offs” section of its investor relations website.
Honeywell Technologies Completes Reverse Stock Split
Alongside the launch of Honeywell Aerospace, Honeywell Technologies also completed its previously announced reverse stock split of common stock at a 1-for-2 ratio, along with a proportionate reduction in the number of authorized shares.
Trading on a split-adjusted basis began at the market opening today under the existing Nasdaq ticker symbol HON, accompanied by a new CUSIP number 438516205.
As part of the reverse stock split:
- Every two issued and outstanding shares of Honeywell Technologies common stock were automatically combined into one share.
- The number of issued and outstanding shares was reduced from approximately 634 million as of March 31, 2026, to approximately 317 million.
- Authorized common shares were reduced from 2 billion to 1 billion.
- The company’s par value remained unchanged.
- Outstanding equity-based awards and benefit plan share units were proportionately adjusted.
No fractional shares were issued as part of the reverse stock split. Instead, the company’s transfer agent will aggregate fractional shares into whole shares, sell them in the open market and distribute the corresponding cash proceeds to eligible shareowners after completion of the sale.
Supplemental Financial Information
Honeywell Technologies also announced that it will file a Current Report on Form 8-K, presenting the former Aerospace Technologies business, now Honeywell Aerospace, as discontinued operations.
The filing will also include the former Advanced Materials business, now Solstice Advanced Materials, which had previously been presented as discontinued operations effective from the fourth quarter of 2025.
According to the company, the filing will contain recast historical quarterly financial information for fiscal years 2024, 2025, and the first quarter of 2026.
The report will include reported and organic sales percentage changes, operating income, segment profit, diluted earnings per share and adjusted diluted earnings per share.
About Honeywell Technologies
Honeywell Technologies describes itself as a global pure-play automation company focused on helping solve mission-critical challenges across industries.
The company serves the building, industrial and process sectors through a portfolio of services, solutions and products supported by the Honeywell Technologies Accelerator operating system and the Honeywell Technologies Forge intelligence layer.
With more than 50,000 employees and decades of operational data from its global installed base, Honeywell Technologies said it is positioned to lead the industrial sector’s transition from automation to autonomy while Honeywell Aerospace begins operating independently as a dedicated aerospace company.
