Honeywell outlines new business structure ahead of aerospace and materials spin-offs

Summary Points:

• Honeywell plans to separate its Aerospace Technologies business in the second half of 2026 and its Solstice Advanced Materials business on 30 October 2025.
• Beginning 1 January 2026, Honeywell will report four segments: Aerospace Technologies, Building Automation, Industrial Automation, and Process Automation and Technology.
• Honeywell Aerospace will become an independent, publicly traded company focused on aviation, defense, and space markets.

CHARLOTTE, N.C. - Honeywell in Charlotte, N.C., announced its updated business segment structure ahead of the planned separation of its Aerospace Technologies business, expected in the second half of 2026, and its Solstice Advanced Materials business, expected to be completed on 30 October 2025.

Starting with its first-quarter 2026 earnings, Honeywell will report four segments: Aerospace Technologies, Building Automation, Industrial Automation, and Process Automation and Technology. The change is effective 1 January 2026.

Following the separation, Honeywell Aerospace will become an independent, publicly traded company with operations across commercial aviation, defense, and space markets. The business supplies propulsion systems, avionics, navigation technologies, and auxiliary power units for aircraft used globally. The Aerospace Technologies segment will continue reporting under Honeywell until the spin-off is complete.

Company outlines future business structure

After the Aerospace Technologies spin-off, Honeywell will concentrate on automation, data, and software technologies for industrial and infrastructure applications. The company stated that the new organization will prioritize connectivity among assets, people, and processes to enhance operational performance.

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Honeywell’s remaining businesses will be grouped into three segments:

• Building Automation (BA): Provides hardware, software, sensors, and analytics for building management, fire prevention, security, and environmental control systems used worldwide.
• Industrial Automation (IA): Develops sensor and edge-device technologies that support monitoring, measurement, and automation in industrial environments.
• Process Automation and Technology (PA&T): Provides process automation systems and technologies to improve efficiency, support energy transition efforts, and enable circular economy practices.

"For more than a century, Honeywell has been at the forefront of automation innovation, redefining what is possible for the industrial sector. Now, we are transforming our business to lead the journey to a connected autonomous future for our customers," said Vimal Kapur, Chairman and CEO of Honeywell.

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He added that the company’s global installed base generates substantial operational data that can support automation and process optimization.

After the spin-off, Honeywell’s business units will continue to be led by Billal Hammoud as president and CEO of Building Automation; Peter Lau as president and CEO of Industrial Automation; Jim Masso as president and CEO of Process Automation; and Ken West as president and CEO of Process Technology. Each will report to Kapur, who will remain chairman and CEO of Honeywell following the separation.