In October 2024, Honeywell communicated its intention to spin off its Advanced Materials business, now known as Solstice Advanced Materials. Then, in February 2025, the company announced the completion of a one-year comprehensive portfolio review launched by CEO Vimal Kapur resulting in the decision to separate its Automation and Aerospace businesses. This planned separation, combined with the company’s spin of Solstice, will result in three industry-leading public companies with distinct strategic focuses and growth trajectories.

Honeywell Automation will be a pure play automation leader solving the world’s most complex problems and powering digital transformation globally. Honeywell Aerospace will be a premier technology and systems provider for all forms of aircraft as one of the largest publicly-traded aerospace suppliers. Solstice Advanced Materials will be a sustainability-focused specialty chemicals and materials pure play serving growing, regulatory-driven markets.

Please click here to learn more about some of our prior spin-offs, including Garrett, Resideo, and AdvanSix.