DivestmentMar 29, 2026, 08:02 PM
Honeywell Announces Planned Spin-Off of Aerospace Business
AI Summary
Honeywell International Inc. announced the filing of a registration statement on Form 10 by its subsidiary, Honeywell Aerospace Inc., in preparation for a spin-off. This move will create an independent, publicly traded company focused solely on the aerospace sector, allowing Honeywell to streamline its operations and potentially unlock value for shareholders.
Key Highlights
- Honeywell Aerospace Inc. filed a Form 10 registration statement with the SEC.
- The spin-off will result in a new, independent publicly traded company focused on aerospace.
- The press release announcing the spin-off is included as Exhibit 99.1.