The separation of its Aerospace Technologies and Automation businesses is expected to occur in the second half of 2026. Honeywell's decision to split, resulting from a comprehensive portfolio evaluation, will create three distinct publicly traded companies focusing on Automation, Aerospace, and Advanced Materials. The company aims to capitalize on individual growth opportunities for each sector, with Honeywell Automation and Honeywell Aerospace estimated to generate revenues of $18 billion and $15 billion respectively in 2024. The company's recent developments also include the spinoff of the Advanced Materials business by early 2026 and the sale of the Personal Protective Equipment business, expected to be completed in the first half of 2025. Additionally, Honeywell has completed several significant acquisitions totaling approximately $9 billion in 2024, expanding its product line and increasing its software and digital content.