Honeywell Advances Aerospace Spin-Off with $17.4B Sales, Q3 2026 Listing
Honeywell filed a Form 10 registration to spin off its aerospace unit as an independent Nasdaq-listed company in Q3 2026. The new firm posted 2025 pro forma sales of $17.4B, net income of $1.5B and EBIT of $4.3B across three segments.
1. Spin-Off Filing and Timeline
Honeywell filed a Form 10 registration statement to spin off its Aerospace unit into an independent, Nasdaq-listed company, targeting completion in the third quarter of 2026. This marks the next step in the company's portfolio transformation and strategic refocusing.
2. Pro Forma Financial Performance
On a 2025 pro forma basis, the standalone Aerospace entity generated $17.4 billion in sales, $1.5 billion in net income and $4.3 billion in adjusted EBIT, positioning it among the largest pure-play aerospace and defense companies.
3. Segment Breakdown
The new company will operate three segments: Electronic Solutions with $6.8 billion in 2025 sales; Engines & Power Systems with $5.4 billion; and Control Systems with $5.2 billion, reflecting diversified revenue streams across avionics, propulsion and thermal management.
4. Outlook and Investor Engagement
Leadership will present a detailed value-creation roadmap and financial targets at an Investor Day on June 3, 2026, highlighting growth drivers such as global defense spending, travel demand and innovation-driven margins.