Honeywell Aerospace officially separated from Honeywell International on June 29, 2026, becoming an independent, publicly traded company under the ticker symbol HONA on the Nasdaq stock exchange. CEO Jim Currier emphasized that this split will enable the company to be more agile, focused, and free from the constraints of being part of a larger conglomerate, allowing for quicker decision-making and direct capital allocation for strategic priorities. Analysts view this separation positively, suggesting that Honeywell Aerospace previously suffered from a lack of investment and focus under its former parent.
The newly independent company anticipates strong financial performance, projecting 6% to 8% annual sales growth through the end of the decade, with an adjusted profit target of at least $6.5 billion by 2030. For 2026, it expects sales growth of 7% to 9%, adjusted earnings before interest and taxes between $4.6 billion and $4.7 billion, and $1 billion to $1.5 billion in free cash flow during the second half of the year. Currier highlighted that the company's backlog has already increased by 20% to $19 billion.
Honeywell Aerospace plans to prioritize investing in its capacity and supply chain to support this growth, rather than focusing on dividends or share buybacks. Currier mentioned that the company is prepared to invest in suppliers, including smaller ones providing critical components, to ensure a robust supply chain. This approach is intended to address past supply chain issues and improve customer satisfaction, which analysts noted had been a concern previously. The company's new operating model, called the "Honeywell Aerospace Operating System," is designed to enhance efficiency, productivity, and growth.
