Honeywell Board of Directors approves spin-off of Honeywell Aerospace

Honeywell today announced that its Board of Directors has formally approved the planned spin-off of Honeywell Aerospace. This approval represents a significant milestone in the separation process, which remains on track for completion on 29 June 2026. Following the completion of the spin-off, the remaining pure-play automation company will be known as Honeywell Technologies.

At 12:01 a.m. New York City time on 29 June 2026 (the "Distribution Date"), Honeywell will distribute all of the issued and outstanding shares of Honeywell Aerospace common stock pro rata to Honeywell shareowners of record on 15 June 2026 (the "Record Date"), on the basis of one share of Honeywell Aerospace common stock for every two shares of Honeywell common stock held as of the close of business on the Record Date. The distribution is subject to the satisfaction or waiver of certain conditions, as set forth in the form of Separation and Distribution Agreement filed with the U.S. Securities and Exchange Commission (SEC) as part of Honeywell Aerospace's registration statement on Form 10, which was declared effective by the SEC on 11 June 2026.

"Today's announcement clears the path to establishing two independent industry leaders in Honeywell Aerospace and Honeywell Technologies and also reflects our significant portfolio transformation over the past three years," said Vimal Kapur, Chairman and CEO of Honeywell. "With clear strategies and growth drivers that build on Honeywell's century-long legacy, we are confident that both companies will be well-positioned to maximise long-term value for customers, employees and shareowners."

Honeywell Aerospace common stock is expected to begin trading on the Nasdaq Stock Market LLC under the ticker symbol "HONAV" on a "when-issued" basis on or about 15 June 2026. Honeywell Aerospace common stock is expected to begin "regular-way" trading on Nasdaq under the ticker symbol "HONA" on 29 June 2026. Following the separation, Honeywell Technologies will continue to trade on the Nasdaq under the ticker "HON."

Beginning on or about 15 June 2026 and continuing through 26 June 2026, it is expected that there will be two markets in Honeywell common stock on Nasdaq: a "regular-way" market under Honeywell's current ticker symbol "HON", in which Honeywell shares will trade with the right to receive shares of Honeywell Aerospace common stock on the Distribution Date, and an "ex distribution" market under the ticker symbol "HONIV", in which Honeywell shares will trade without the right to receive shares of Honeywell Aerospace common stock on the Distribution Date.

As previously announced, a 1-for-2 reverse stock split of Honeywell Technologies common stock will immediately follow the spin-off along with a proportionate reduction in the Company's number of authorised shares of common stock, subject to and contingent on the completion of the Honeywell Aerospace spin-off.