Honeywell is contemplating the spinoff of its aerospace business, one of the world’s largest suppliers of components, systems, and services for commercial and general aviation, defense, and business aircraft, as well as helicopters, spacecraft, and advanced air mobility (AAM) designs such as electric air taxis.
The aerospace business is Honeywell’s largest and most profitable unit and counts some of the aviation industry’s titans, including Boeing, Airbus, Textron Aviation, and Lockheed Martin, as customers. For the 2023 fiscal year, the segment accounted for more than one-third of the company’s net sales and about 45 percent of profits.
