Honeywell Continues The Disaggregation Trend Amongst Aerospace Companies
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. The total split was prompted by an activist position taken by Elliott Investment Management in November of last year.
In major move, Honeywell to split into three companies. Not all will remain in Charlotte.
Honeywell employs 97,000 people worldwide, including 1,150 in Charlotte, Leopold said. Honeywell moved its global headquarters to Charlotte in 2018. It’s too soon to say how many employees will remain in Charlotte, Leopold said, but the restructuring is expected to create more jobs across all locations.
Honeywell to split into three after pressure from activist investor
Honeywell said on Thursday it will split into three independently listed companies, breaking up one of America's last standing conglomerates just months after activist investor Elliott Management took a $5 billion stake in the industrial giant.
Honeywell, last and biggest US industrial conglomerate, to split in three
Honeywell will split into three separate businesses, starting with Advanced Materials in late 2025, followed by Honeywell Automation and Aerospace in late 2026.
Honeywell's split brings new public company to Phoenix, lauded by economists here
Honeywell Aerospace will become a separate company with its headquarters still in Phoenix, officials confirmed after details of its parent company's breakup were announced Thursday morning.
Honeywell, one of the few remaining US industrial conglomerates, will split into three companies
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.
Phoenix-based Honeywell Aerospace to go its own way amid company split
Honeywell Aerospace Technologies will become a separate entity since Honeywell International plans to follow through with a major shake-up.
Industrial giant Honeywell announces split into 3 companies after investor pressure
Honeywell, one of the last remaining American industrial giants, announced it will split into three companies Thursday after investor pressure.
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