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Honeywell Aerospace, the Phoenix based maker of avionics, engines and aircraft control systems, began trading on the Nasdaq under the ticker HONA on Monday, marking its formal split from Honeywell Technologies. The stock closed down 0.4% at $220.19 after an earlier spike of about 7%, putting its market value near $72 billion.
At a Glance
- Shares closed at $220.19, down 0.4%, after touching gains near 7% intraday
- Roughly 158 million shares outstanding value the company near $72 billion
- About 8.5 million shares traded on the debut session
- 2026 guidance calls for 7% to 9% revenue growth and free cash flow of $1 billion to $1.5 billion
- Company targets $6.5 billion in adjusted earnings by 2030
A Debut Built on Distribution, Not a Public Offering
The listing did not come through a traditional IPO. Instead, Honeywell Technologies distributed all shares of Honeywell Aerospace to its own shareholders, giving one HONA share for every two Honeywell Technologies shares held as of the June 15, 2026 record date. Honeywell Technologies stock, in turn, underwent a one for two reverse split tied to the separation and was quoted at $236.13, down roughly 3%, on the same day.
The move caps a breakup that began in October 2025, when Honeywell spun off its advanced materials unit as Solstice Advanced Materials. That stock has climbed to nearly $83, well above the sub $50 level it traded at right after separating. What remains under the Honeywell Technologies banner is the building, industrial and process automation business.
What the Numbers Say
With shares near $220 and a market capitalization around $72 billion, Honeywell Aerospace enters public trading as one of the larger pure play aerospace suppliers on the market. Because the company just began trading as a standalone entity, a trailing P/E and EPS figure specific to HONA were not yet established in the data reviewed, and the stock has no 52 week range or dividend history of its own yet since Monday was its first session. Momentum indicators such as RSI are similarly not yet meaningful given the single day of trading, though the swing from a 7% intraday gain to a 0.4% decline suggests early volatility as investors work out where to price a newly independent aerospace supplier.
The bull case centers on visibility into demand. Chief executive Jim Currier told Reuters that operating independently lets the company deploy capital faster to support Boeing and Airbus as both plane makers increase production.
