Honeywell Aerospace Announces Spin-Off and New Director Appointment

Summary

On June 14, 2026, Honeywell Aerospace Inc. announced the spin-off of its Aerospace Technologies business into an independent, publicly traded company, effective June 29, 2026. Additionally, the company appointed Mr. Pascal Desroches as an Independent Director and chair of the Audit Committee, effective June 14, 2026. The spin-off will distribute one share of Honeywell Aerospace common stock for every two shares of Honeywell common stock held as of the record date, with cash in lieu of fractional shares. Mr. Desroches' biographical information and compensation details are provided in the Information Statement filed with the SEC.