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Honeywell Spins Off Aerospace, Debuts HONA; HON Stabilizes.

7/1/2026

Summary

Honeywell Spins Off Aerospace

Honeywell International completed the spin-off of the aerospace unit, which began trading on Nasdaq as HONA.
Investors received one HONA share for every Honeywell Technologies share, with cash for fractions.
The remaining firm, ticker HON, focuses on automation and materials and closed at $227.80 on June 29, 2026 after a 30-day decline of 50%.
Analysts rate HON above $227.80, noting upside from its automation push with systems that integrate HVAC, energy, security.

Summary

Honeywell Spins-Off

Honeywell Aerospace launched as an independent firm, separating its aerospace and defense operations.
The spin-off employs over 36,000 staff, serves more than 10,000 customers worldwide, and is headquartered in Phoenix, Arizona.
CEO Jim Currier said the move enables focus on flight safety, disciplined capital allocation, and investment in supply-chain and new technologies, with SEC-filed supplemental data for FY 2024-2025.

Summary

Honeywell Reverse-Split

Honeywell Technologies completed a 1-for-2 reverse stock split, cutting issued shares to about 317 million and halving authorized shares to 1 billion, and received a new CUSIP number.
The company will issue its next financial update on July 23 2026, with analysts forecasting earnings per share of $2.42 and revenue of $9.56 billion.
Analysts maintain a Buy rating on HON and set an average price target of $253.92 per share.

Summary

Honeywell Cuts Jobs

Honeywell’s Charlotte-based unit will keep only a fraction of its pre-spin-off workforce, leaving the local economy uncertain as the company declined to disclose the exact headcount.
Nasdaq President Nelson Griggs said that 90% of the world’s aircraft and 80% of satellites contain Honeywell Aerospace technology, underscoring its global aerospace footprint.
Honeywell is allocating $500 million to expand U.S. military-technology production, signaling a major push into defense manufacturing.

History

Historical Context

AlliedSignal bought Honeywell in June 1999 for $14.8 billion, adopting the Honeywell name and consolidating headquarters in New Jersey. The combined firm kept aerospace as a core unit, later generating about $15 billion in annual sales. Building on that legacy, Honeywell announced in 2026 the spin-off of Honeywell Aerospace as an independent Nasdaq-listed company, reshaping the supply chain.

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Honeywell Spins Off Aerospace

Honeywell International completed the spin-off of the aerospace unit, which began trading on Nasdaq as HONA.
Investors received one HONA share for every Honeywell Technologies share, with cash for fractions.
The remaining firm, ticker HON, focuses on automation and materials and closed at $227.80 on June 29, 2026 after a 30-day decline of 50%.
Analysts rate HON above $227.80, noting upside from its automation push with systems that integrate HVAC, energy, security.

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