Honeywell plans to separate its automation and aerospace technologies businesses from the U.S. industrial conglomerate, following similar actions by companies such as General Electric and Alcoa.

Summary

Honeywell announced plans to split into three independent companies, following pressure from investors.

The divisions will focus on automation, aerospace, and advanced materials, with the latter spinning off by early 2025 and the full separation expected by late 2026.

This follows a broader trend of US conglomerates, such as GE and Alcoa, breaking up to improve operational focus.

Honeywell shares fell nearly 3% after the announcement.

  • @[email protected]English
    2•19 hours ago

    This sounds like a good thing. Can someone tell me how it’s actually bad for consumers?