Under the terms of the separation, Honeywell shareowners of record as of June 15 will receive one share of the new Honeywell Aerospace common stock for every two shares of Honeywell currently held. The aerospace spin-off, which has already received regulatory clearance from the SEC, is designed to create two distinct market leaders: Honeywell Aerospace, a tier-1 supplier of mission-critical defense and aviation systems, and Honeywell Technologies, which will pivot toward autonomous industrial solutions.

Chairman and CEO Vimal Kapur stated that the move leverages the firm’s century-long industrial legacy while providing both entities the autonomy to pursue specialized growth strategies. Following the distribution, Honeywell Aerospace is slated to trade on the Nasdaq under the ticker symbol "HONA," while the remaining parent company will retain the "HON" ticker. The transaction also triggers a 1-for-2 reverse stock split for Honeywell Technologies, contingent upon the successful completion of the aerospace separation.