Honeywell unveils its plan to split into three separate companies following a comprehensive portfolio review, setting the stage for a new era of innovation and focused growth.

Chairman and CEO Vimal Kapur led a year-long review, paving the way for Honeywell to restructure into three specialized entities targeting automation, aerospace, and advanced materials.

Honeywell Automation will become a global leader in automation technology, leveraging process technology, software, and AI-enabled solutions to build the infrastructure of the future.

Honeywell Aerospace is set to deliver futuristic technology and systems for commercial and defence aviation, backed by a robust global installed base and strong revenue performance.

Already spun off earlier, Honeywell Advanced Materials will focus on sustainability-driven specialty chemicals and materials, excelling in areas like fluorine products and electronic materials.

The separation of the automation and aerospace businesses is expected to be tax-free for Honeywell’s shareholders, marking a significant financial milestone in the company’s restructuring.

With 2024 revenues of $18 billion, Honeywell Automation will harness cutting-edge technology and AI-driven autonomous solutions to redefine productivity, sustainability, and safety in industrial infrastructure.

With a strong presence and $15 billion in annual revenue, Honeywell Aerospace is poised to become a leading supplier of advanced technology and systems for both civil and defence aircraft manufacturers.

Honeywell plans to deploy at least $25 billion in capital through 2025, fueling growth via strategic acquisitions, high-return capital expenditures, dividends, and opportunistic share purchases.

As the company splits into three independent entities, Honeywell embarks on a new chapter focused on innovation, sustainability, and enhanced market competitiveness in its core industries.