Honeywell Aerospace Completes Spin-Off, Starts Nasdaq Trading as HONA in 1-for-2 Share Distribution
Updated
Updated · Honeywell · Jun 29
Honeywell Aerospace Completes Spin-Off, Starts Nasdaq Trading as HONA in 1-for-2 Share Distribution
3 articles · Updated · Honeywell · Jun 29
Summary
Honeywell Aerospace began trading on Nasdaq on June 29 under ticker HONA after completing its separation from Honeywell International.
The spin-off was executed by distributing all Honeywell Aerospace shares to Honeywell shareholders of record on June 15, with investors receiving 1 HONA share for every 2 Honeywell shares held.
Phoenix-based Honeywell Aerospace launches as a standalone aerospace and defense supplier with more than 36,000 employees serving over 10,000 customers worldwide.
The company also filed supplemental quarterly financial information for fiscal 2024 and 2025, giving investors historical results as the newly independent business starts public trading.
Management said the separation is meant to support long-term profitable growth through investment in innovation, supply chain capacity and standalone operations, though filings flagged execution, cost and market risks.