Honeywell Board Reviews Strategic Alternatives, Separating Aerospace Unit | Aviation International News

Regulations and Government

Honeywell Board Examines Separation of Aerospace Unit

Honeywell plans updates on aerospace decision by Q4 2024

Honeywell's Anthem avionics-equipped Pilatus PC-12 airplane — © Matt Thurber/AIN

By Amy Wilder • Writer

December 16, 2024

Honeywell’s board of directors continues to evaluate strategic alternatives, including possibly separating its aerospace business, as part of its ongoing portfolio review, the company said today. This process began earlier this year, led by chairman and CEO Vimal Kapur. Jefferies Equity Research values Honeywell Aerospace, as a standalone company, at about $111 billion.

In addition to evaluating the potential aerospace spinoff, Honeywell has announced other strategic actions over the past year, including acquiring businesses valued at approximately $9 billion. These include the Access Solutions business from Carrier Global, Civitanavi Systems, CAES Systems, and the liquefied natural gas business from Air Products. Honeywell also plans to spin off its advanced materials business into an independent publicly-traded U.S. company and divest its personal protective equipment business.

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