Honeywell's Big Breakup: Three new companies to launch by 2026, following General Electric and Alcoa
Budget with ET
Tax calculator
Why is Honeywell splitting?
The company aims to make each new entity more agile and focused. By separating its automation, aerospace, and advanced materials businesses, Honeywell believes each can pursue tailored growth strategies. CEO Vimal Kapur stated that this move is designed to create significant value for shareholders and customers.
Also Read :Bank of England slashes interest rates to 4.5%, halves 2025 growth forecast amid rising inflation
Influence of Elliott Investment Management
In November 2024, Elliott Investment Management acquired a stake of over $5 billion in Honeywell. The investment firm suggested that Honeywell simplify its structure by separating its automation and aerospace units. This recommendation has played a role in Honeywell's decision to restructure.
Honeywell plans to complete the separation of its automation and aerospace technologies businesses in the second half of 2026. The spinoff of the advanced materials business is expected by the end of this year or early next year.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrows Innovations
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Generative AI for Dynamic Java Web Applications with ChatGPT
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Mastering C++ Fundamentals with Generative AI: A
