Corporate News
Honeywell International Inc. (NYSE: HON) disclosed that its board has set a record date of 15 June 2026 for the planned separation of its Aerospace business into a standalone company. The distribution of the new Aerospace shares is scheduled to occur at 12:01 a.m. New York time on 29 June 2026, with holders of record on the 15 June date receiving one share of the new company for every two shares of Honeywell common stock they own. The newly created entity will begin trading on Nasdaq under the ticker “HONA” on the same day.
In addition, Honeywell confirmed that a 1‑for‑2 reverse stock split of its common shares will be effective on 29 June 2026, contingent upon the completion of the Aerospace spin‑off. The split will reduce the number of shares outstanding and the authorized share count, while the par value will remain unchanged.
The company emphasized that the spin‑off and reverse split are intended to sharpen focus on the aerospace and technology segments, enabling each business to pursue growth opportunities independently. The transaction is expected to be tax‑neutral for shareholders, aside from cash received in lieu of fractional shares. Honeywell noted that the successful execution of these events depends on meeting all regulatory and procedural conditions, and that the market may react to the changes in ownership structure. The announcements were filed with the Securities and Exchange Commission as part of a current report (Form 8‑K) and were accompanied by a press release distributed through the company’s investor‑relations channels.
