Honeywell Reshapes Business Structure Ahead of Aerospace Spin-Off
CHARLOTTE, N.C., Oct. 22, 2025 – Honeywell (NASDAQ: HON) announced a new business segment structure as it prepares to spin off its Aerospace Technologies division. The spin-off remains on schedule for the second half of 2026, positioning Honeywell Aerospace as a leading pure-play aerospace supplier.
Aerospace Spin-Off Moves Forward
Honeywell continues to advance its Aerospace Technologies separation plan. The independent company will focus on commercial, defense, and space markets. It will deliver cutting-edge propulsion, navigation, and auxiliary power systems for nearly every aircraft platform.
Vimal Kapur, Honeywell Chairman and CEO, said Honeywell Aerospace will strengthen its leadership in next-generation aviation. The spin-off will accelerate innovation in electrification and autonomous flight technologies.
Honeywell Focuses on Three Core Segments
After the Aerospace separation, Honeywell will operate through three reportable business segments starting January 1, 2026.
The structure includes Building Automation (BA), Industrial Automation (IA), and Process Automation and Technology (PA&T). Honeywell aims to drive productivity by connecting assets, people, and processes with integrated technologies and software.
Building Automation: Smarter, Safer Infrastructure
Honeywell’s Building Automation business will continue transforming buildings worldwide. The division provides unified fire, security, and control solutions across millions of facilities.
Its mission is clear: help customers create safe, efficient, and sustainable environments through intelligent automation and data analytics.
Industrial Automation: Driving Manufacturing Intelligence
Industrial Automation delivers high-performance sensors and smart edge devices. These products form the foundation of industrial connectivity and measurement.
Honeywell continues investing in reliable, data-rich technologies that enhance productivity and enable real-time decision-making across industries.
Process Automation and Technology: Powering the Energy Evolution
The Process Automation and Technology segment combines end-to-end automation with advanced process technologies. It helps customers accelerate digital transformation, boost efficiency, and cut emissions.
Honeywell also advances the circular economy by integrating sustainable process design into its automation portfolio.
Leadership and Vision for the Future
After the spin-off, Honeywell’s leadership team will guide the company into its next phase of growth.
Billal Hammoud will lead Building Automation; Peter Lau will head Industrial Automation; Jim Masso will oversee Process Automation; and Ken West will manage Process Technology.
All will report to Vimal Kapur, who remains Chairman and CEO of Honeywell.
Portfolio Optimization Continues
Honeywell remains committed to portfolio simplification. The company expects to complete the Solstice Advanced Materials spin-off on October 30, 2025.
Earlier this year, Honeywell confirmed the Aerospace Technologies spin-off remains on track for completion in the second half of 2026. Both transactions aim to unlock shareholder value and sharpen strategic focus.
A Connected, Autonomous Future
“For over a century, Honeywell has led automation innovation,” said Kapur. “Now we’re evolving toward connected, autonomous systems that transform operations.”
Honeywell’s extensive global installed base provides unmatched data insights. The company plans to use that data to deliver outcomes that solve complex industrial challenges.