HON Completes Aerospace Spin-Off.. New 'HONA' Listing with 1-for-2 Stock Consolidation

Honeywell International Inc. (HON) has completed the spin-off of its Aerospace business following a board resolution setting June 15 as the record date and June 29 as the distribution date. Under the plan, Honeywell Aerospace shares were distributed to existing common shareholders at a ratio of one new share for every two held. Simultaneously, the remaining parent company executed a 1-for-2 reverse stock split, halving both issued and issuable shares. All equity-based compensation plans—including outstanding restricted stock units (RSUs) and stock options—were adjusted pro rata, and former Chief Human Resources Officer Karen Mattimore received a new RSU and option package valued at several million dollars upon completion of the spin-off.

Following the separation, the parent company rebranded as Honeywell Technologies, retained the NASDAQ ticker HON and emerged as a pure-play automation firm. The newly independent aerospace entity, Honeywell Aerospace (NASDAQ: HONA), began trading on June 29 and was simultaneously added to the S&P 500 and S&P 100 indexes.

Headquartered in North Carolina, Honeywell is a diversified industrial technology company with operations in building, process and industrial automation, specialty materials, and safety solutions. Over recent years, it has been reshaping its portfolio to focus on automation and software. Through this transaction, the Aerospace division—provider of commercial and military aircraft engines, avionics and space systems—now operates as a standalone public company, enabling each business to pursue distinct growth strategies in their respective markets.