Honeywell Files Form 10 for Planned Aerospace Spin-Off
HONEYWELL INTERNATIONAL INC
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Filing Summary
Honeywell International Inc. (HON) has filed a Form 10 registration statement with the SEC for the planned spin-off of its Aerospace business. The new independent company, Honeywell Aerospace Inc., is expected to trade on Nasdaq under the ticker symbol HONA. The spin-off is targeted for completion in the third quarter of 2026.
Comprehensive Analysis
On March 3, 2026, Honeywell International Inc. announced the filing of a Form 10 registration statement with the SEC regarding the anticipated spin-off of its wholly owned subsidiary, Honeywell Aerospace Inc.
Key Highlights:
- New Ticker: Honeywell Aerospace is expected to list on Nasdaq under the symbol HONA.
- Timeline: The spin-off is anticipated to be completed in the third quarter of 2026.
- Financial Outlook: The new entity projects 2025 pro forma net sales of $17.4 billion and Adjusted EBIT of $4.3 billion.
- Structure: The business will operate through three segments: Electronic Solutions, Engines & Power Systems, and Control Systems.
- Investor Day: Scheduled for June 3, 2026, in Phoenix, Arizona.
The transaction is intended to be tax-free for Honeywell shareholders for U.S. federal income tax purposes.
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