Honeywell files Form 10 to list Honeywell Aerospace as HONA

Honeywell International filed a Form 10 registration statement with the U.S. Securities and Exchange Commission on March 3, 2026, formalizing plans to spin off Honeywell Aerospace Inc. as a standalone, publicly traded company that the firm expects to list on Nasdaq under the ticker HONA in the third quarter of 2026. The filing and accompanying press materials are available on SEC EDGAR and Honeywell’s investor relations website, and the company has scheduled an investor day in Phoenix on June 3, 2026 to present strategy and the financial model.

The Form 10 frames Honeywell Aerospace as a major pure‑play aerospace and defense company. It reports 2025 net sales of $17.4 billion, pro forma net income of $1.5 billion and pro forma adjusted EBIT of $4.3 billion. The business operates through three segments: Electronic Solutions ($6.8 billion in 2025 net sales), Engines & Power Systems ($5.4 billion) and Control Systems ($5.2 billion). The filing also notes a $312 million reduction in net sales linked to fourth‑quarter 2025 Flexjet‑related litigation matters.

On costs and separations, the registration statement incorporates $202 million of incremental expenses tied to the spin‑off. That figure includes a $150 million trademark license agreement, a $33 million transition services agreement, $16 million in executive compensation arrangements and $3 million of pension service costs. The Form 10 is explicit that it is subject to change prior to its effective date and that future updates will be filed under Honeywell Aerospace’s name.

Honeywell said the spin‑off is planned to be tax‑free for U.S. federal income tax purposes for Honeywell shareholders, with the customary exception for cash paid in lieu of fractional shares. Practically, that means existing Honeywell shareholders should receive shares in the new company without immediate U.S. federal tax consequence, though mechanics such as the distribution ratio and record date are expected to be disclosed in subsequent filings and exhibits.

In company statements accompanying the filing, Chairman and Chief Executive Vimal Kapur framed the step as part of a portfolio transformation. He said, "Today's Form 10 filing reflects the strong progress we are making toward the launch of Honeywell Aerospace as an industry-leading, independent aerospace and defense company. With a highly accomplished, purpose-built leadership team and a unique combination of platform positions across commercial air transport, business aviation, and defense and space markets, we are confident Honeywell Aerospace is well-prepared to stand on its own." In related remarks, Kapur added, "As we continue to advance our portfolio transformation, we are sharpening both companies’ strategic focus, enhancing organizational agility, and aligning capital allocation to drive growth and create long-term shareholder value."

The move will sharpen investor choice by separating Honeywell’s industrial and automation operations from a pure aerospace play that emphasizes electrification, autonomy and fleet connectivity. For Honeywell the parent, the separation could free capital and management attention for non‑aerospace businesses; for investors it creates a direct vehicle to target aerospace and defense cash flow and margins. Market data show Honeywell shares were trading near a 52‑week high on March 3, at $248.04, with the stock up about 28 percent year to date and a dividend yield near 1.9 percent.

Key near‑term milestones to watch are the June 3 investor day, any subsequent SEC amendments to the Form 10, disclosures of the distribution mechanics and the timing of Nasdaq listing applications and regulatory clearances that would be required to complete the spin‑off in Q3 2026.