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Honeywell International Inc. reached a major milestone today by filing a Form 10 registration statement with the SEC for the planned spin-off of its aerospace business. The new entity, which will trade under the ticker "HONA" on the Nasdaq, is set to become one of the world's largest pure-play aerospace and defense companies. The spin-off is expected to be completed by the third quarter of 2026, marking a total transformation of the industrial giant.
The filing reveals that the new Honeywell Aerospace generated nearly $17.4 billion in net sales in 2025. By standing alone, the company intends to sharpen its strategic focus on three core segments: Commercial Air Transport, Business Aviation, and Defense and Space. This move is designed to allow the company to be more agile in its capital allocation, specifically targeting investments in electrification and autonomous flight technologies.
CEO Vimal Kapur stated that the filing reflects the "strong progress" made toward launching the independent company. The leadership team for HONA has already been "purpose-built" to handle the complexities of the global supply chain and the transition to sustainable aviation. An Investor Day has been scheduled for June 3, 2026, in Phoenix, Arizona, to provide further details on the long-term financial outlook.
Market reaction has been largely positive, with analysts noting that the separation will likely unlock significant shareholder value. Honeywell Aerospace is currently benefiting from a record backlog and resilient demand for both commercial aircraft parts and global defense systems. The company plans to maintain a "develop once, deploy everywhere" innovation strategy to remain competitive against rivals like Raytheon and GE Aerospace.
Honeywell filed SEC Form 10 to spin off its Aerospace division into an independent company.
The new company will trade on the Nasdaq under the ticker symbol "HONA."
Completion of the spin-off is targeted for the third quarter of 2026.
Honeywell Aerospace reported $17.4 billion in sales for 2025 prior to the filing.
The company will focus on three segments: Commercial, Business, and Defense/Space aviation.
HISTORY
The decision to spin off the aerospace division was first signaled in late 2024 as part of a broader trend of industrial conglomerates breaking up to maximize sector-specific growth. This follows similar moves by companies like General Electric, which successfully split into three separate entities (GE Aerospace, GE Vernova, and GE HealthCare) between 2023 and 2024.
2024 (Oct): Honeywell first announced the strategic review of its business portfolio.
2025: The aerospace division achieved record pro forma adjusted EBIT of $4.3 billion.
2025 (Dec): Honeywell acquired several Spirit AeroSystems assets to bolster its supply chain.
2026 (Jan): Jim Currier was confirmed as the future CEO of the independent "HONA."
2026 (Mar): Form 10 filing officially starts the countdown to the Q3 public debut.