Honeywell—the massive industrial conglomerate that builds avionics, propulsion, navigation, and other systems for aircraft, rotorcraft, and spacecraft—is splitting its aerospace business into ...

On February 6, Honeywell announced it would be splitting its operations in aerospace and home automation. It had previously indicated it would be spinning out its advanced materials business.

Honeywell's shares, however, fell nearly 5% in premarket trade, paring early gains after the company forecast downbeat sales and profit for 2025. The company said it will separate its aerospace ...