Honeywell to Split Into Three Independent Companies by 2026

The aerospace, automation, and advanced materials divisions will form separate publicly traded entities following shareholder pressure.

Honeywell announced plans to break into three independent companies, focusing on aerospace, automation, and advanced materials.
The aerospace division, Honeywell's largest revenue generator, will remain headquartered in Phoenix, while the automation business will stay in Charlotte.
The decision comes after activist investor Elliott Investment Management acquired a $5 billion stake in the company and pushed for the breakup.
The spin-off of the advanced materials unit is expected to be completed by late 2025 or early 2026, with the separation of aerospace and automation divisions finalized in the second half of 2026.
CEO Vimal Kapur stated the restructuring aims to increase agility, unlock shareholder value, and align each division with tailored growth strategies.