Honeywell board sets record date, outlines timing for aerospace spin-off and reverse stock split

Honeywell set June 15, 2026, as the record date for the previously announced spin-off of Honeywell Aerospace. Shareholders of record as of the close of business that day are expected to receive, at 12:01 a.m. New York City time on June 29, one share of Honeywell Aerospace common stock for every two shares of Honeywell common stock held.

Following the distribution, Honeywell Aerospace is expected to begin trading on the Nasdaq Stock Market on June 29 under the ticker symbol HONA. Honeywell will continue to trade on Nasdaq under the ticker symbol HON. “Honeywell Aerospace is entering an exciting new chapter that will allow us to accelerate innovation as we shape the future of aviation,” said Jim Currier, President and CEO of Honeywell Aerospace. “As a standalone pure-play aerospace supplier, we will be able to capitalize on emerging opportunities across both commercial and defense markets, deepen our customer partnerships and deliver long-term value for our shareowners.”

“As we approach the historic separation of Honeywell Aerospace and Honeywell Technologies, we are confident that both businesses are well positioned to accelerate value creation as independent companies,” said Vimal Kapur, Chairman and CEO of Honeywell. “This moment not only builds on our portfolio transformation over the past three years, but it also builds on Honeywell’s 140-year legacy that shaped these businesses into the market-leaders they are today.”

Completion of the spin-off remains subject to the satisfaction or waiver of certain conditions, including the board’s declaration of the distribution as outlined in the Separation and Distribution Agreement filed with the U.S. Securities and Exchange Commission as part of the registration statement on Form 10. The spin-off is expected to be tax-free to Honeywell shareholders for U.S. federal income tax purposes, except for cash received in lieu of fractional shares.

Honeywell anticipates that Honeywell Aerospace common stock will begin trading on a when-issued basis on or about June 15 under the symbol HONAV, with regular-way trading as HONA expected to start June 29. From June 15 through June 26, Honeywell common stock is expected to trade in two markets on Nasdaq: regular-way under HON, with the right to receive Honeywell Aerospace shares on the distribution date, and ex-distribution under HONIV, without that right. The company encouraged shareholders to consult financial advisors regarding the implications of trading before the distribution date.

Separately, Honeywell determined to proceed with a 1-for-2 reverse stock split, contingent upon completion of the spin-off. Effective at 12:02 a.m. New York City time on June 29, every two shares of Honeywell common stock will combine into one share, reducing issued and outstanding shares from approximately 634 million to approximately 317 million. Authorized common shares will be reduced from 2 billion to 1 billion, and par value will be unchanged. No fractional shares will be issued; the transfer agent will aggregate and sell fractional interests and distribute cash proceeds to affected shareholders. Outstanding equity-based awards and shares or share units under benefit plans will be proportionately adjusted. Honeywell common stock will continue to trade under HON, and the post-split CUSIP will be 438516205.

Honeywell Aerospace is described as a global tier-1 supplier of mission-critical systems and technologies serving original equipment manufacturers, government and defense prime contractors, and aircraft operators across commercial air transport, defense and space, and business aviation. Its portfolio is organized into Electronic Solutions, Engines & Power Systems, and Control Systems.