What Happens to Honeywell After Aerospace Spin-Off?

After completing its Aerospace spin-off, Honeywell Technologies says it is now a pure-play automation company. 

Its aim is to support the industrial sector's transition "from automation to autonomy", the company says.

“Today is a defining moment in Honeywell’s legacy,” says Vimal Kapur, Chairman and CEO of Honeywell Technologies. 

"As standalone companies, Honeywell Technologies and Honeywell Aerospace are uniquely positioned to accelerate innovation, invest with greater precision and capitalise on the value creation opportunities in our respective industries.

"We are confident each company is strongly positioned to create enduring value for decades to come."

Three Honeywell businesses

This spin-off is the final step in a multi-year transformation that began with Solstice Advanced Materials becoming independent in 2025. 

Honeywell Aerospace will now focus exclusively on supplying the aviation industry. 

Solstice is a standalone specialty chemicals company, creating semiconductor materials, refrigerants and more. 

The remaining part of Honeywell, now Honeywell Technologies, is a leaner business focussed on process automation, industrial technology and building automation. Before the Technologies name was decided, this business was referred to as Honeywell Automation.

Honeywell's automation technology

Honeywell Technologies is still designing, manufacturing and deploying the physical edge devices that make automation possible.

It is a provider of sensors and actuators, control systems like PLCs and building hardware like thermostats and cameras. 

Honeywell Technologies Accelerator is a unified operating system and improvement framework based on Lean Six Sigma , aiming to share best-practice principles across strategic, engineering and manufacturing tasks across its global operations. 

Honeywell Technologies Forge is the company's IoT and analytics layer, aiming to turn physical devices into a self-optimising autonomous network. 

Where Honeywell sees growth

Buildings have brought the business a lot of growth. In the first quarter of 2026, its building automation segment grew 8% and the overall company grew by 2%. 

Data centres are responsible for some of this growth, focussing on more efficient cooling and the need for more energy. 

In its first quarter earnings call, Vimal said that Honeywell is selling a business providing warehouse and workflow solutions to American Industrial Partners.

A second business providing productivity solutions and services is also being sold to Brady Corporation.

He said he expects these to close in the second half of the year. 

"We remain confident in our ability to drive accelerating growth in H2 as our backlog supports a pickup in growth in process automation and technology," he said. 

Chief Financial Officer Mike Stepniak explained in the call that industrial automation saw sales grow 1% in the quarter and orders up 10%, supported by "strength in China and recovery in Europe".