Honeywell(US:HON) Xin Lang Cai Jing·2025-10-23 06:17Core Viewpoint - Honeywell announced a restructuring of its business segments to facilitate the planned spin-off of its aerospace technology business in the second half of 2026 and the spin-off of Solstice Advanced Materials by October 30, 2025 [3][4]. Business Restructuring - The restructuring will result in Honeywell having three main business segments: Building Automation, Industrial Automation, and Process Automation and Technology, effective January 1, 2026 [4][7]. - The aerospace technology segment will continue to report its performance until the spin-off is completed, which is on track for the second half of 2026 [4][8]. Financial Overview - Honeywell's current annual revenue is approximately $40 billion, with an EBITDA of about $10 billion [4]. Aerospace Technology Spin-off - The aerospace technology business is expected to become one of the largest publicly traded pure-play aerospace suppliers globally, focusing on electrification and autonomy in aviation [4][5]. - Shareholders will receive one share of Solstice for every four shares of Honeywell they hold, with the record date set for October 17, 2025 [3][4]. Leadership and Management - Post-spin-off, the leadership for the new segments will include Billal Hammoud as President and CEO of Building Automation, Peter Lau for Industrial Automation, Jim Masso for Process Automation, and Ken West for Process Technology, all reporting to Vimal Kapur, who will remain as Chairman and CEO [8].