Honeywell Board Approves June 29 Spin-Off of Honeywell Aerospace; HONA to Trade on Nasdaq

Honeywell said Monday that its board of directors has formally approved the planned spin-off of Honeywell Aerospace, keeping the breakup of the industrial conglomerate on track for a June 29 distribution that will create a standalone aerospace and defense supplier. According to Honeywell’s June 15 press release, the distribution is expected to occur at 12:01 a.m. New York time on June 29, 2026, subject to the satisfaction or waiver of customary conditions in the separation agreement.

Honeywell shareholders of record as of June 15, 2026, are set to receive one share of Honeywell Aerospace common stock for every two shares of Honeywell common stock they hold. Honeywell said fractional shares will not be distributed; instead, shareholders will be paid cash for fractional interests. The record date and exchange ratio set the final shareholder mechanics for a transaction the company has been preparing for more than a year.

The company said Honeywell Aerospace stock is expected to begin trading on Nasdaq on a when-issued basis under the ticker HONAV on or about June 15. Regular-way trading is expected to begin June 29 under the ticker HONA. After the separation, the remaining company will be renamed Honeywell Technologies and will continue trading under the ticker HON. Honeywell also said a 1-for-2 reverse stock split of Honeywell Technologies common stock will take effect immediately after the spin-off, expected at 12:02 a.m. New York time on June 29, and only if the separation is completed.

The move is significant because Honeywell Aerospace is large enough to stand on its own as a major public company in aerospace and defense. Honeywell has described the business as a global tier-1 aerospace and defense supplier of mission-critical systems and technologies. In materials released in March 2026, Honeywell said the aerospace business had about $17.4 billion in pro forma 2025 sales, giving investors a sizable new pure-play company in the sector. The post-spin Honeywell Technologies, meanwhile, is being positioned as an industrial technology company focused on the shift from automation to autonomy.

Monday’s board approval is the latest step in Honeywell’s broader portfolio overhaul rather than a standalone surprise. The company said in February 2025 that it intended to separate its businesses into independent public companies, and it completed the spin-off of Solstice Advanced Materials in October 2025. Honeywell previously said Jim Currier will serve as president and CEO of Honeywell Aerospace, with Craig Arnold as chair of the board. The new aerospace company will be headquartered in Phoenix.

In the press release, Honeywell Chairman and CEO Vimal Kapur said “we are confident that both companies will be well-positioned to maximize long-term value for customers, employees and shareowners.” Honeywell also said the U.S. Securities and Exchange Commission, which oversees public company disclosures, declared Honeywell Aerospace’s Form 10 registration statement effective on June 11, a key regulatory milestone ahead of the separation.