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- Industrial and aerospace giant Honeywell said that on Thursday it would be divided into three independently listed companies.
- Honeywell said he would separate his aerospace and automation businesses into individual institutions, as well as with his first declared spin-off of the advanced material unit.
- Honeywell said it intends to meet isolation in the second half of 2026, which will be tax-free for its shareholders.
Honeywell said that on Thursday it would be divided into three independently listed companies, which would break one of the final permanent groups of the US Worker investor Elliot Management Took a $ 5 billion stake in the industrial giant.
Although Honeywell’s shares fell nearly 2.5% in Premarkat Trade, reverse the course with an initial advantage after the company estimated the sale and profit for 2025.
The company said it would separate its aerospace and automation businesses into different institutions, as well as with its first declared spin-off of the advanced material unit.
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With the decision of Honeywell, the rank of major industrial groups of the country has decreased even further, after similar options in recent years, General Electric and United Technologies to divide major divisions.
Industrial and aerospace giant CEO Vimal Kapoor has been on a deal -making competition, which has been shedding assets that are not focused on aviation, automation and energy sectors.
Despite several small steps, Elliot, whose stake in Honeywell is its largest single investment, argued that the company needs to be divided.
On 6 September 2016, an aircraft engine is tested at Honeywell Aerospace in Phoenix, Arizona. Honeywell announced that it would be divided into three separate companies. (Reuters/Alvin Scott/File Photo/Reuters)
Honeywell attracted Elliot’s attention Its share price reduced the market. Its shares had increased by 7.7% till 11 November in 2024, with Elliott revealed its position a day earlier, while the extensive market increased by 26.6% in the same period.
Analysts had earlier estimated that Honeywell’s high-margins could be between $ 90 billion and $ 120 billion, including a aerospace business loan.
The airline industry, which faced with a shortage of new jet, has to resort to flying old, more maintenance-intensive aircraft during a travel surge, increasing sales for players such as Honeywells that provide aftermarket services and participation.
The aerospace unit is the largest revenue generator of Honeywell, which is about 40% of the company’s total revenue in 2024, and counts Boeing and Airbus among its customers. It also has contracts with the US government, providing communication and navigation systems with other services.
Honeywell said it would separate its aerospace, automation and advanced material units into three separate institutions. (Reuters/Dennis Balibhouse/File Photo/Reuters)
In October, Honeywell announced a plan to spin its advanced material unit in a publicly trading company. It said in December that it was considering one of its spinoffs Aerospace businessAfter Elliot’s push.
The company said that it intends to meet isolation in the second half of 2026, which will be tax-free for its shareholders.
Elliot’s push is not the first time Honeywell has faced an activist pressure to break the company. In 2017, it managed to remove the third point of Daniel Loaib, which urged the company to spin its aerospace division.
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Industrial giant is snatching its portfolio through a string of partitions and acquisitions, but such a large brake-up will be the first time for more than 100 years company.
This separately predicts an adjusted profit for 2025 between $ 10.10 and $ 10.50, according to data compiled by LSEG, an average estimate of $ 10.93 as per the average estimates of analysts.
Its sales hopes between $ 39.6 billion and $ 40.6 billion for the year also decreased by the expectations of Wall Street of $ 41.22 billion.
