Honeywell International plans to break into three independent companies, separating its aerospace and automation divisions while spinning off its advanced-materials business. The restructuring, set for completion by the second half of 2026, follows a yearlong review by CEO Vimal Kapur and pressure from activist investor Elliott Investment Management. Honeywell’s aerospace unit, which earned $15 billion in 2024, will become one of the largest publicly traded aerospace suppliers. The automation business generated $18 billion last year, while advanced materials brought in $4 billion. The move aims to enhance financial flexibility and operational focus, mirroring General Electric’s successful 2024 breakup.
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