On 6 February 2025, Honeywell announced that its Board of Directors had completed the comprehensive business portfolio evaluation launched a year ago by Chairman and CEO Vimal Kapur and intended to pursue a full separation of Automation and Aerospace Technologies. The planned separation, coupled with the previously announced plan to spin off Advanced Materials, would result in three publicly listed industry leaders with distinct strategies and growth drivers. The separation is intended to be completed in the second half of 2026 and in a manner that is tax-free to Honeywell shareholders.
Creating Three Industry-Leading Focused Companies
Honeywell Automation: Following the completion of the announced transactions, Honeywell will lead the industrial shift from automation to autonomy, offering technologies and software to enhance productivity. Honeywell Automation will remain a global player with $18 billion in 2024 revenue, leveraging its expertise and extensive installed base to drive digital transformation across high-growth sectors.
Honeywell Aerospace: Honeywell Aerospace technology and solutions are used on virtually every commercial and defence aircraft platform worldwide and include aircraft propulsion, cockpit and navigation systems, and auxiliary power systems. With $15 billion in annual revenue in 2024 and a large, global installed base, Honeywell Aerospace will be one of the largest publicly traded, pure play aerospace suppliers, with leading positions in technology and systems that will continue to deliver the future of aviation through increasing electrification and autonomy of flight.
Advanced Materials: The Advanced Materials business will be a sustainability-focused speciality chemicals and materials pure play with leading positions across fluorine products, electronic materials, industrial grade fibres, and healthcare packaging solutions. With nearly $4 billion in revenue last year, Advanced Materials offers leading technologies with premier brands, including the breakthrough low global warming Solstice® hydrofluoro-olefin (HFO) technology. As a standalone company with a large-scale domestic manufacturing base, it will be positioned to benefit from a compelling investment profile and a more flexible and optimized capital allocation strategy.
For more information visit the Investor section of the Honeywell website: https://investor.honeywell.com/
