Honeywell today announced the filing of its Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) for the planned spin-off of Honeywell Aerospace, which will trade on the Nasdaq under the ticker "HONA." A copy of the Form 10 is available on the SEC website as well as Honeywell's Investor Relations website.

"Today's Form 10 filing reflects the strong progress we are making toward the launch of Honeywell Aerospace as an industry-leading, independent aerospace and defense company. With a highly accomplished, purpose-built leadership team and a unique combination of platform positions across commercial air transport, business aviation, and defense and space markets, we are confident Honeywell Aerospace is well-prepared to stand on its own," said Vimal Kapur, Chairman and CEO of Honeywell. "As we continue to advance our portfolio transformation, we are sharpening both companies' strategic focus, enhancing organizational agility, and aligning capital allocation to drive growth and create long-term shareholder value."

"Honeywell Aerospace continues to build momentum as we approach our public debut in the third quarter," said Jim Currier, President and CEO of Honeywell Aerospace. "As a premier provider of mission-critical systems leading towards greater electrification, autonomy, and safety, Honeywell Aerospace is well-positioned to capitalize on resilient travel demand, growing global defense budgets, and our record backlog. Our 'develop once, deploy everywhere' innovation strategy, supported by a scalable technology development platform and an ongoing commitment to operational excellence, enables us to power current and next-gen aerospace and defense platforms. With our leading margins, strong investment grade credit rating, and robust free cash flow generation, we are poised to unlock significant value for our customers, employees, and shareholders, underpinned by disciplined, focused capital allocation."

Highlights from the Form 10

The Form 10 introduces Honeywell Aerospace, which will:

- Extend its leadership in attractive end markets with key platform positions across Commercial Air Transport, Business Aviation, and Defense and Space, generating net sales of $17.4 billion, pro forma net income of $1.5 billion, and pro forma Adjusted EBIT of $4.3 billion in 2025;

- Execute an innovation-led growth strategy enhancing the efficiency, safety, and connectivity of customers' active fleets, prioritizing new systems, RMUs (retrofits, modifications and upgrades) and breakthrough initiatives that increase content on current generation platforms, support next generation platforms, enable access to new markets, and increase aftermarket opportunities; and

- Deliver strong organic growth, profit and cash flow enabled by a highly differentiated operating system that creates a culture of continuous improvement, operational excellence, and disciplined execution, improving visibility and consistency across the supply chain.

Honeywell Aerospace will be organized into three operating segments.

- Electronic Solutions (ES), $6.8 billion of 2025 net sales, provides integrated avionics, navigation and sensors, electromagnetic defense and high-performance space solutions.

- Engines & Power Systems (E&PS), $5.4 billion of 2025 net sales, supplies propulsion systems, auxiliary power units and electric power solutions.

- Control Systems (CS), $5.2 billion of 2025 net sales, delivers mission-critical thermal management and motion control systems that enable flight, life support, and safety across all forms of aircraft.