Prnewswire·2026-01-22 21:00Core Viewpoint - Honeywell Aerospace is set to become an independent, publicly traded company in the second half of 2026, with a projected sales figure exceeding $15 billion for 2024, positioning it as one of the largest pure-play aerospace suppliers globally [5][6]. Leadership Appointments - Josh Jepsen will assume the role of Chief Financial Officer of Honeywell Aerospace starting February 23, 2026, bringing extensive experience from his previous position at Deere & Company [1]. - Bob Buddecke has been appointed President and Chief Executive Officer of Electronic Solutions, leveraging over 27 years of experience at Honeywell [2]. - Dave Marinick will take on the role of President and Chief Executive Officer of Engines & Power Systems, with a background of more than 37 years at Honeywell [3]. - Rich DeGraff will serve as President and Chief Executive Officer of Control Systems, contributing over 17 years of experience at Honeywell [4]. Strategic Focus - The leadership team will report to Jim Currier, who has been designated as the President and CEO of Honeywell Aerospace, aiming to sharpen strategic focus and align leadership with core technology platforms [4][6]. - The spin-off is expected to enhance Honeywell Aerospace's ability to capitalize on long-term growth trends in the aerospace and defense industry [5]. Business Units Overview - Honeywell Aerospace will consist of three main business units: - Electronic Solutions (ES), which provides integrated avionics, navigation, sensors, and space solutions [7]. - Engines & Power Systems (E&PS), focusing on propulsion systems and electric power solutions [7]. - Control Systems (CS), delivering mission-critical thermal and motion control systems for various aircraft [7]. Spin-off Details - The spin-off of Honeywell Aerospace is on track for completion in the second half of 2026, contingent upon customary conditions including regulatory approvals [6][8].