Official press release from Honeywell or major financial news outlets

Honeywell ($HON) Explores Aerospace Business Separation, Sees 3.2% Pre-Market Increase Ahead of Q4 2024 Earnings

Dec 16, 2024, 11:57 AM

Honeywell International Inc. ($HON) is actively exploring strategic alternatives to enhance shareholder value, including the potential separation of its Aerospace business. The company is undergoing a comprehensive review of its portfolio, which also involves plans to spin off its materials business and divest its personal protective equipment segment. This move comes as activist investor Elliott Management has expressed support for Honeywell's ongoing review of its strategic options. The company is expected to provide updates on these initiatives during its Q4 2024 earnings report. Following the announcement, Honeywell's stock saw a pre-market increase of 3.2%.