MRO & Manufacturing
Woodward Inc $200 Million Aerospace Investment in South Carolina
Woodward Inc. invests $200 million in a new South Carolina aerospace facility, creating 275 jobs and supporting Airbus A350 production.
Woodward Inc.’s Strategic $200 Million Aerospace Investment in South Carolina: A Comprehensive Analysis of Industrial Expansion and Regional Economic Impact
Woodward Inc.’s announcement of a nearly $200 million investment to establish a new aerospace manufacturing facility in Spartanburg County, South Carolina represents a significant milestone in both the company’s expansion strategy and the state’s continued emergence as a major aerospace manufacturing hub. The investment will create a 300,000-square-foot precision manufacturing facility within Smith Farms Industrial Park in Greer, generating approximately 275 high-quality jobs with operations expected to commence in 2027. This strategic expansion positions Woodward to meet growing demand for servo-hydraulic actuation systems used in aircraft flight control, with initial production focused on spoiler actuation systems for the Airbus A350 aircraft.
The project illustrates the convergence of global aerospace market trends, advanced manufacturing innovation, and targeted economic development initiatives. South Carolina, already home to major aerospace manufacturers and suppliers, continues to attract high-technology investment, reinforcing its status as a leading state for aerospace production. Woodward’s expansion is expected to deliver sustained economic, technological, and workforce development benefits for the region.
Historical Context and Company Background
Woodward Inc. traces its roots to 1870, when Amos Woodward founded the company with the invention of an improved governor for waterwheels. Over the next 150 years, Woodward evolved from a mechanical controls manufacturer to a global leader in energy control solutions for aerospace and industrial markets. Its innovations in diesel engine controls, propeller governors, and turbojet engine components positioned it as a key supplier to major aviation manufacturers during the 20th century.
Today, Woodward operates more than 40 locations in 13 countries, employing thousands across the United States and internationally. Its dual-segment business model, encompassing Aerospace and Industrial divisions, enables the company to serve diverse markets, from aircraft propulsion and flight control to power generation and industrial engines.
The company’s reputation for engineering excellence and quality control has made it a trusted partner for virtually all major jet engine and airframe manufacturers, including Boeing, Airbus, and GE Aerospace. Woodward’s long-standing presence in the aerospace supply chain is a testament to its ability to adapt to evolving industry demands and technologies.
South Carolina’s Aerospace Industry Emergence
South Carolina’s transformation into an aerospace powerhouse began in earnest with Boeing’s decision in 2009 to locate its final assembly and delivery facility for the 787 Dreamliner in North Charleston. This move catalyzed the growth of a statewide aerospace cluster, attracting suppliers and related businesses to the region.
According to state economic reports, South Carolina’s aerospace sector now generates over $28 billion in economic impact. Employment in aerospace has grown substantially, with Boeing alone credited for creating thousands of jobs and boosting wages across the state. The presence of companies like Lockheed Martin, GKN Aerostructures, and now Woodward further solidifies the state’s reputation as an aerospace manufacturing leader.
Key factors driving industry growth include a skilled workforce, robust transportation infrastructure, and supportive state policies. The state’s technical colleges and universities have developed specialized programs to prepare workers for high-skill aerospace roles, helping to ensure a steady pipeline of talent for new and expanding manufacturers.
Investment Details and Facility Specifications
The new Woodward facility will be located in Smith Farms Industrial Park in Greer, Spartanburg County. The 300,000-square-foot plant is designed for advanced manufacturing, emphasizing automation, vertical integration, and scalable production capacity. Its strategic location provides access to major highways, airports, and ports, facilitating efficient supply chain operations and global distribution.
The facility will initially focus on producing servo-hydraulic actuation systems for the Airbus A350’s spoiler controls. These systems are critical for aircraft flight performance and safety, requiring precise engineering and rigorous quality standards. Woodward’s expertise in this domain, combined with its strong relationship with Airbus, positions the new plant as a cornerstone of the company’s aerospace growth strategy.
With 275 jobs expected by 2027, the facility will offer opportunities in manufacturing, engineering, and business operations. The site is also designed for future expansion, enabling Woodward to respond to increasing demand or diversify into additional aerospace applications as market conditions evolve.
“When global companies like Woodward decide to invest in South Carolina, it further solidifies South Carolina’s impressive reputation in the manufacturing industry.”, Governor Henry McMaster
Economic Development Incentives and Regional Support
Woodward’s investment is supported by a package of state and local incentives. The South Carolina Coordinating Council for Economic Development approved job development credits and a $1.75 million Closing Fund grant to assist with site preparation and construction. These incentives reflect the state’s commitment to attracting and retaining high-value manufacturing operations.
Spartanburg County officials have emphasized the importance of the investment for local economic development, highlighting the potential for high-wage job creation and long-term community benefits. The region’s existing aerospace workforce, educational institutions, and pro-business environment provide a strong foundation for Woodward’s success.
South Carolina’s broader economic development results for 2024 underscore its attractiveness for industrial investment, with billions in new capital investment and thousands of jobs announced statewide. The Woodward project aligns with state strategies to grow advanced manufacturing and technology sectors.
Financial Performance and Market Position
Woodward’s robust financial performance provides a strong foundation for its expansion. In fiscal year 2024, the company reported record sales of $3.32 billion, a 14% increase from the previous year. Aerospace division sales reached $2.03 billion, reflecting the strength of its core markets and customer relationships.
Net earnings rose to $372.97 million, up over 60% year-over-year, while operating cash flow and free cash flow also saw double-digit increases. This financial strength enables Woodward to invest in new facilities, technology, and workforce development without compromising operational stability.
The company’s market capitalization and consistent growth have reinforced investor confidence. With a backlog of over 17,000 new aircraft orders in the global industry, Woodward’s expanded manufacturing capacity in South Carolina is well-timed to capture new business and support customer needs.
“Woodward, Inc. is a global leader whose investment in Spartanburg County will increase our presence in the aerospace industry and will provide meaningful economic-advancement opportunity for the people of our county.”, Manning Lynch, Spartanburg County Council Chairman
Airbus Partnership and Industry Opportunities
The South Carolina facility will play a crucial role in Woodward’s partnership with Airbus, specifically supporting the production of spoiler actuation systems for the A350. This agreement covers actuation systems for 12 of the 14 spoilers on each aircraft, as well as maintenance and repair services for Airbus and its airline customers.
The A350 is a flagship long-range widebody aircraft with a strong order backlog, ensuring ongoing demand for high-quality components. Woodward’s ability to deliver reliable, safety-critical systems has been instrumental in securing this partnership, which is expected to generate recurring revenue through both initial production and long-term service contracts.
The facility’s advanced manufacturing capabilities will position Woodward to pursue additional opportunities with Airbus and other major aircraft manufacturers, especially as demand for new aircraft and replacement components continues to rise globally.
Aerospace Market Dynamics and Supply Chain Trends
The aircraft actuators market is projected to grow significantly over the next decade, driven by increasing aircraft production rates, rising air travel demand, and the adoption of more electric and efficient flight control systems. Industry forecasts suggest the global market could exceed $32 billion by 2034, with the U.S. market alone reaching over $8 billion.
Woodward’s focus on servo-hydraulic and electro-hydraulic systems aligns with these trends, as manufacturers seek lighter, more reliable, and efficient components. The company’s history of innovation and quality assurance provides a competitive edge in meeting the stringent requirements of aerospace customers.
Despite strong market growth, the aerospace supply chain faces challenges such as skilled labor shortages, supply disruptions, and input cost pressures. Woodward’s scale, financial health, and investment in advanced manufacturing are expected to help mitigate these risks and ensure reliable delivery for its customers.
“The facility’s design will emphasize vertical integration and advanced automation, similar to Woodward’s existing Rock Cut campus in Illinois.”, Industry Analysis
Regional Economic Impact and Workforce Development
The 275 jobs created by Woodward’s new facility will provide significant economic benefits for Spartanburg County and the broader Upstate region. Aerospace jobs in South Carolina typically offer above-average wages, with some reports indicating a 70% premium over regional averages. This wage advantage, combined with opportunities for skilled technical and engineering roles, supports upward mobility and long-term community prosperity.
The region’s educational institutions and workforce development programs are well-positioned to supply the talent needed for Woodward’s operations. Partnerships with technical colleges, universities, and industry groups will facilitate training, recruitment, and career advancement for local workers.
The investment also supports regional economic diversification, reducing reliance on any single industry and enhancing the resilience of the local economy. As Woodward ramps up operations, additional indirect jobs and business opportunities are likely to emerge in supply chain, logistics, and support services.
Operational Excellence and Manufacturing Innovation
Woodward’s approach to manufacturing emphasizes quality, efficiency, and continuous improvement. The new South Carolina plant will incorporate lessons from the company’s award-winning Rock Cut facility in Illinois, which features advanced automation, visual factory concepts, and flexible layouts to maximize productivity.
Every aerospace component produced by Woodward undergoes rigorous testing to ensure reliability and safety. This commitment to quality is essential in an industry where component failure can have serious consequences. The company’s culture of operational excellence has been recognized by customers and industry peers alike.
As the aerospace sector evolves toward more electric and sustainable aviation technologies, Woodward’s ongoing investment in research, development, and manufacturing innovation will be critical to maintaining its leadership position.
Conclusion
Woodward Inc.’s $200 million investment in Spartanburg County marks a significant milestone for both the company and South Carolina’s aerospace industry. By establishing a state-of-the-art facility focused on critical flight control systems, Woodward is poised to support growing global demand, strengthen its partnership with Airbus, and contribute to regional economic development.
As operations begin in 2027, the facility will serve as a model for advanced manufacturing and workforce development in the aerospace sector. The project underscores the importance of strategic investment, public-private partnerships, and innovation in sustaining industrial growth and competitiveness in the years ahead.
FAQ
What will Woodward manufacture at the new Spartanburg facility?
The facility will produce servo-hydraulic actuation systems, initially focused on spoiler actuation systems for the Airbus A350 aircraft.
How many jobs will the new plant create?
The project is expected to create approximately 275 jobs by 2027, with roles in manufacturing, engineering, and business operations.
Why did Woodward choose South Carolina for this investment?
South Carolina offers a skilled workforce, strong transportation infrastructure, and a supportive business environment, making it an attractive location for aerospace manufacturing.
What economic incentives are involved?
The project is supported by state and local incentives, including job development credits and a $1.75 million grant for site preparation and construction.
When will the facility begin operations?
Operations are expected to commence in 2027.
Sources
Photo Credit: Woodward
MRO & Manufacturing
Hexcel and Wichita State Launch New Aerospace Applications Center
Hexcel and Wichita State University open a new center in Kansas to advance automated composite aerospace manufacturing and materials innovation.
This article is based on an official press release from Hexcel Corporation.
On May 28, 2026, Hexcel Corporation and Wichita State University’s National Institute for Aviation Research (NIAR) officially broke ground on the new Hexcel Applications Center. Located at NIAR’s Advanced Technologies Lab for Aerospace Systems (ATLAS) in Wichita, Kansas, the facility is designed to bridge the critical gap between early-stage materials science and practical, large-scale aerospace manufacturing.
According to the official press release, this development establishes a unique “end-to-end” composite manufacturing pathway for aerospace and defense customers. The collaboration links Hexcel’s material innovation operations in Utah with automated processing capabilities in Kansas, culminating in final structural validation in Washington state.
The aviation industry is aggressively shifting toward lightweight materials to reduce aircraft weight, improve fuel efficiency, and meet strict carbon emission standards. As noted in supplementary industry research, this joint venture directly addresses the sector’s pressing need for automated scaling in composite manufacturing, providing a vital testing ground for next-generation aerospace technologies.
The End-to-End Composite Pathway
The new Hexcel Applications Center completes a comprehensive, three-step national development pipeline designed to help aerospace customers move efficiently from concept to manufacturable solutions.
Bridging the Gap from Lab to Factory
As detailed in the company’s announcement, the development pathway begins with early-stage material science, process development, and non-automated composite activities at Hexcel’s Applications Lab in Salt Lake City, Utah. This foundational work will now feed directly into the new Wichita facility.
At the Hexcel Applications Center at NIAR, customers will gain access to a broad range of automated composite manufacturing equipment and processing expertise. Finally, the structural build and validation activities are supported by Hexcel’s Kent, Washington facility, which specializes in producing and evaluating full-scale composite articles.
“By combining Hexcel’s materials science and application development expertise with NIAR’s world‑class automated processing capabilities, we are creating a powerful ecosystem that accelerates innovation and delivers practical, manufacturable solutions for our customers,” said Tom Gentile, Chairman, Chief Executive Officer & President of Hexcel Corporation, in the press release.
Industry Context and the Automation Bottleneck
To understand the significance of the Hexcel Applications Center, it is essential to look at the broader aerospace composites market, which is currently experiencing a massive boom.
Overcoming Manufacturing Hurdles
According to industry estimates cited in our research, the global aerospace composites market was valued between $30.3 billion and $41.6 billion in 2025. Driven by the demand for lighter, more fuel-efficient aircraft, the market is projected to grow at a Compound Annual Growth Rate (CAGR) of roughly 11% to 12%, potentially reaching over $53 billion by 2030 and up to $119 billion by 2035.
However, while carbon fiber-reinforced polymers and other composites are lighter and stronger than traditional aluminum, manufacturing them has historically been highly labor-intensive. The industry is currently pivoting toward Automated Fiber Placement (AFP) and AI-driven manufacturing to speed up production and reduce defects.
The ATLAS facility, launched in 2019, is uniquely positioned to support this pivot. Industry data notes that ATLAS houses a 4×8-meter autoclave,the largest of any university in the world. This allows suppliers to test new materials on industry-scale equipment without making massive capital expenditures.
“The Hexcel Applications Center at NIAR will bring together world‑class expertise, capability, and technology in one collaborative environment,” stated John Tomblin, WSU Executive Vice President of Research and Industry and Defense Programs and NIAR Executive Director. “This collaboration will significantly enhance the resources available to our aerospace and defense customers, enabling them to develop, scale, and validate advanced composite solutions using next generation manufacturing technology.”
Regional Impact and Leadership Ties
Wichita has a century-long history of aviation manufacturing. The groundbreaking of this new center reinforces the city’s modern transition from traditional metal aircraft manufacturing to advanced, automated composite aerospace engineering.
“Wichita has long been a hub for innovation and a leader in global aerospace and defense manufacturing,” said U.S. Sen. Jerry Moran in the company’s release. “The groundbreaking for the new Hexcel Applications Center at Wichita State University is an important milestone that further solidifies Wichita as the Air Capital of the World.”
AirPro News analysis
We note that the strategic placement of this facility in Wichita is deeply intertwined with Hexcel’s current executive leadership. Tom Gentile, who assumed the role of Hexcel’s CEO and President in May 2024 and became Chairman in December 2024, has profound ties to the region. Prior to joining Hexcel, Gentile served as the President and CEO of Wichita-based Spirit AeroSystems. Furthermore, he has served as an Executive-in-Residence and Executive Advisor to the Dean at WSU’s Barton School of Business.
This personal and professional history provides crucial context for why Hexcel is heavily investing in a partnership with Wichita State University. By leveraging existing regional relationships, Hexcel is not only advancing its manufacturing capabilities but also helping to cultivate a highly skilled talent pipeline for the defense and commercial aviation sectors directly from WSU’s student and researcher base.
Frequently Asked Questions
What is the Hexcel Applications Center?
It is a newly announced collaborative facility between Hexcel Corporation and Wichita State University’s NIAR, focused on advancing composite materials, automated processing, and aerospace manufacturing innovation.
Where is the new center located?
The center is located at NIAR’s Advanced Technologies Lab for Aerospace Systems (ATLAS) in Wichita, Kansas.
Why is automated composite manufacturing important?
As the aerospace industry shifts to lightweight composite materials to save fuel and reduce emissions, traditional labor-intensive manufacturing methods are creating a bottleneck. Automated manufacturing, such as Automated Fiber Placement (AFP), is required to scale production efficiently and meet growing global demand.
Sources
Photo Credit: Hexcel Corporation
MRO & Manufacturing
Textron Aviation Expands Wichita Flight Test Facility for SkyCourier and Denali
Textron Aviation expands its Wichita flight test hangar by 57,000 sq ft to support SkyCourier and Denali testing amid growing demand and military orders.
This article is based on an official press release from Textron Aviation.
Textron Aviation has completed a 57,000-square-foot expansion of its flight test hangar at the East Wichita Campus in Kansas. Announced on May 29, 2026, the facility upgrade adds six new hangar bays to the north side of the existing structure, primarily to support accelerating global demand for the Cessna SkyCourier and ongoing testing for the Beechcraft Denali.
The expansion reflects a strategic push by the manufacturers to capture growing market share in commercial freight, passenger transport, and military aircraft special missions. By increasing its physical footprint, Textron aims to streamline the flow between aircraft preparation, data collection, and evaluation during rigorous flight test programs.
According to the company’s press release, the new facility also incorporates sustainability design elements. These include energy-efficient LED lighting and high-efficiency building systems designed to reduce overall energy consumption during intensive, round-the-clock flight test operations.
Expanding Capacity for the SkyCourier and Denali
The SkyCourier’s Growing Footprint
The primary driver behind the Wichita expansion is the Cessna SkyCourier, a clean-sheet, twin-engine utility turboprop designed for high utilization and low operating costs. Textron offers the aircraft in three distinct configurations: a dedicated freighter, a 19-passenger variant, and a “Combi” version that accommodates up to nine passengers alongside cargo.
The freighter variant is sized to handle up to three LD3 shipping containers with a maximum payload of 6,000 pounds. Powered by dual Pratt & Whitney Canada PT6A-65SC engines and McCauley 110-inch four-blade aluminum propellers, the aircraft boasts a maximum cruise speed exceeding 200 knots true airspeed (ktas) and a 900-nautical-mile maximum range. Both versions feature single-point pressure refueling for faster turnarounds and Garmin G1000 NXi avionics.
Supporting the Beechcraft Denali
While the SkyCourier anchors the expansion, the additional hangar space will also support the Beechcraft Denali. The Denali is a new high-performance, single-engine turboprop currently undergoing rigorous flight testing.
Expected to achieve FAA certification in 2026, the Denali is notable for being the first aircraft powered by GE Aerospace’s new Catalyst engine, positioning it to compete directly in the premium single-engine turboprop market against established competitors.
Operational Efficiency and Strategic Growth
The addition of six new hangar bays allows Textron’s flight test teams to run multiple test profiles simultaneously. This parallel testing capability is designed to turn aircraft more efficiently between flights, a necessity as production and testing schedules accelerate.
“With more space and flexibility, our teams can run multiple test profiles in parallel and turn aircraft more efficiently,” stated Brad White, Senior Vice President of Manufacturing Operations at Textron Aviation.
Company leadership emphasized that the investment is a direct response to market momentum. In the official release, Lannie O’Bannion, Senior Vice President of Sales & Marketing, noted that investing in flight test capacity is critical to efficiently support current development and future demand.
From Commercial Freight to Military Missions
The Belgian Military Order
Originally anchored by a 50-aircraft launch order from FedEx to serve as a regional cargo feeder, the SkyCourier is now aggressively expanding into the defense sector. According to April 2026 reporting by Aviation International News, Belgium became the first military customer for the SkyCourier.
Belgium ordered five modified aircraft to support its Special Operations Forces, with deliveries scheduled for 2027. These aircraft will be utilized for troop transport, logistics, medical evacuation (MEDEVAC), and crisis response.
New Special Mission Capabilities
To support these diverse operational environments, Textron recently introduced an “In-Flight Operable Door” option for the SkyCourier. This modification significantly enhances the aircraft’s utility for specialized observation missions and paratroop drops, making it an attractive commercial off-the-shelf (COTS) option for global defense forces.
AirPro News analysis
We observe that the 57,000-square-foot expansion in Wichita is a strong indicator of a broader turboprop renaissance. Modern turboprops like the SkyCourier and Denali are experiencing a surge in popularity due to their ruggedness, lower operating costs, and versatility compared to light jets.
Furthermore, military forces globally are increasingly seeking cost-effective COTS aircraft to modernize their utility fleets. The SkyCourier’s evolution from a dedicated overnight package hauler to a multi-role military platform demonstrates how manufacturers can leverage flexible, clean-sheet designs to capture diverse revenue streams without developing entirely new airframes. Textron’s continued investment in Wichita, often dubbed “The Air Capital of the World”, cements the region’s critical role in scaling manufacturing and testing infrastructure to meet these global supply chain demands.
Frequently Asked Questions (FAQ)
Where is the new Textron Aviation flight test facility located?
The expanded 57,000-square-foot facility is located at Textron Aviation’s East Wichita Campus in Kansas.
What is the maximum payload of the Cessna SkyCourier freighter?
The SkyCourier freighter has a maximum payload of 6,000 pounds and can accommodate up to three LD3 shipping containers.
When is the Beechcraft Denali expected to receive FAA certification?
According to current company projections, the Beechcraft Denali is expected to achieve FAA certification in 2026.
Who is the first military customer for the Cessna SkyCourier?
Belgium became the first military customer in April 2026, ordering five modified aircraft for its Special Operations Forces.
Sources
Photo Credit: Textron Aviation
MRO & Manufacturing
Honeywell Unveils New Brands Ahead of 2026 Aerospace Spin-Off
Honeywell announces Honeywell Technologies and Honeywell Aerospace as independent firms post June 29, 2026 spin-off, focusing on AI and aviation.
On June 1, 2026, Honeywell officially unveiled the new brand identities for its automation and aerospace businesses, marking the final stages of a historic corporate restructuring. The two new entities, Honeywell Technologies and Honeywell Aerospace, will operate as independent, publicly traded companies following the aerospace division’s official spin-off scheduled for June 29, 2026.
According to the company’s press release, this announcement dismantles the 140-year-old conglomerate into focused, pure-play businesses. The strategic pivot aligns with broader Wall Street trends that increasingly favor specialized operations over sprawling industrial giants, allowing each new company to target specific global megatrends without competing for internal capital.
The New Brands: Technologies and Aerospace
Following the June 29 separation, the two resulting companies will operate with distinct strategic focuses and market identities. Industry research indicates that the automation business, now branded as Honeywell Technologies, will retain the legacy Nasdaq ticker “HON.” This entity is positioned to lead the industrial transition from automation to autonomy, focusing heavily on artificial intelligence-led industrial systems, building automation, and mission-critical software.
Conversely, the aviation business will launch as Honeywell Aerospace and trade on the Nasdaq under the new ticker “HONA.” Operating as one of the largest publicly traded, pure-play aerospace suppliers, Honeywell Aerospace will target the future of aviation. According to industry data, the division currently generates approximately $15 billion in annual sales and will focus its independent efforts on aircraft electrification, autonomous flight, and defense applications.
Leadership Perspective
Company leadership emphasized that the rebranding is designed to respect the conglomerate’s extensive history while pivoting toward modern technological demands. In the official press release, Honeywell Chairman and CEO Vimal Kapur highlighted the significance of the transition.
“Today marks another defining moment in our transformation into two independent, focused companies. Drawing on Honeywell’s century-long legacy, these new brand identities honor our history while reflecting the bold vision and strategic focus that will define Honeywell Technologies and Honeywell Aerospace as standalone companies.”
, Vimal Kapur, Chairman and CEO of Honeywell
The Road to the Spin-Off
The dissolution of the Honeywell conglomerate has been a multi-year process driven by internal strategic reviews and external market pressures. In November 2024, Elliott Investment Management acquired a $5 billion stake in the company, publishing a letter that urged the board to simplify its structure to unlock shareholder value. By February 2025, Honeywell’s Board of Directors formalized the plan to separate into three independent companies: Automation, Aerospace, and Advanced Materials.
The first phase of this massive restructuring was completed in October 2025, when Honeywell successfully spun off its Advanced Materials business. That entity now operates as a standalone public company named Solstice Advanced Materials, trading under the ticker “SOLS.”
Financial Implications
Prior to the upcoming aerospace spin-off, Honeywell’s total market value is estimated at approximately $150.72 billion, with an estimated brand value of $18 billion built over 140 years of operation. Financial analysts at Wolfe Research have previously projected that a “sum-of-the-parts” valuation for the post-split entities could reach a significant premium over Honeywell’s historical trading range, drawing comparisons to the highly lucrative 2024 spin-off of GE Vernova.
AirPro News analysis
We view Honeywell’s breakup as a definitive marker in the ongoing $1.2 trillion U.S. industrial divestiture trend. By following the blueprint laid out by General Electric and Johnson & Johnson, Honeywell is positioning its aerospace and automation divisions to be significantly more agile. As separate entities with distinct balance sheets, both Honeywell Technologies and Honeywell Aerospace can more easily pursue targeted mergers and acquisitions. Without the burden of competing for internal capital, Honeywell Aerospace is now uniquely positioned to aggressively fund the electrification of aircraft, while Honeywell Technologies can double down on artificial intelligence and industrial autonomy.
Frequently Asked Questions (FAQ)
When does the Honeywell Aerospace spin-off take effect?
The aerospace division will officially spin off into an independent, publicly traded company on June 29, 2026.
What will the new stock tickers be?
Honeywell Technologies (the automation business) will retain the legacy ticker “HON,” while Honeywell Aerospace will trade under the new ticker “HONA.”
What happened to Honeywell’s Advanced Materials business?
The Advanced Materials division was successfully spun off in October 2025 as Solstice Advanced Materials, which currently trades under the ticker “SOLS.”
Sources
Photo Credit: Honeywell
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