In October 2024, the company began the transformation of the Honeywell portfolio, led by Chairman and CEO, Vimal Kapur. Honeywell communicated its intention to spin off its Advanced Materials business, now known as Solstice Advanced Materials. In February 2025, the company announced the completion of its comprehensive portfolio review resulting in the decision to spin-off the aerospace business. Following the spin-off of Solstice Advanced Materials in October 2025 and the spin-off of Honeywell Aerospace in June 2026, the company created three industry-leading public companies, each with a distinct strategic focus, tailored capital allocation strategy and long-term growth trajectory.
Following the spin-offs, the remaining automation segments do business as Honeywell Technologies (Nasdaq: HON), which operates as a pure play automation leader solving the world’s most complex problems and leading the industrial segment’s transition from automation to autonomy. Honeywell Aerospace (Nasdaq: HONA) is a premier technology and systems provider for all forms of aircraft as one of the largest publicly-traded aerospace suppliers. Finally, Solstice Advanced Materials (Nasdaq: SOLS) is a sustainability-focused specialty chemicals and materials pure play serving growing, regulatory-driven markets.
Please click here to learn more about our prior spin-offs, including Garrett, Resideo, and AdvanSix.
