Aerospace Spin-Off and 2-for-1 Reverse Stock Split: Honeywell's Major Overhaul

Honeywell International Inc. (NYSE: HON) has finalized the schedule for spinning off its subsidiary, Honeywell Aerospace, and will distribute one share of the new Honeywell Aerospace common stock for every two shares of Honeywell common stock.

The record date for shareholders is June 15, 2026, and the distribution and spin-off will take effect on June 29. At the same time, Honeywell common stock will undergo a 2-for-1 reverse split, halving the number of outstanding and issued shares, with fractional shares settled in cash.

Separately, the board disclosed its standard stock compensation details, including a grant of 576 restricted shares to non-executive director Grace Lieblein, subject to vesting on April 15, 2027.

Honeywell Aerospace plans to host its inaugural investor event on June 3 in Phoenix, Arizona, where it will outline its post-separation growth strategy and financial targets through 2030.

After the spin-off, Honeywell will continue its automation business under the name Honeywell Technologies with the HON ticker, while the aerospace unit will list on Nasdaq under the ticker HONA, creating two independent publicly traded companies. Both entities aim to launch on June 29, 2026.

Honeywell is a leading U.S. diversified industrial technology company spanning aerospace, industrial and building automation, and specialty materials. In recent years, it has restructured its portfolio through subsidiary spin-offs and asset sales.

With a global recovery in air travel and increased defense budgets highlighting aerospace and defense as key growth sectors, the separation of Honeywell’s aerospace business is viewed as a notable restructuring example within the industry.