SPIN-OFF COMPLETES THREE-WAY SPLIT

Honeywell Technologies (Nasdaq: HON) has announced the completion of the previously announced spin-off of its Aerospace Technologies business, which now operates as the independent Honeywell Aerospace. Honeywell Technologies continues to trade on the Nasdaq Stock Market under the ticker symbol HON, while shares of Honeywell Aerospace began trading separately under the ticker symbol HONA from the market opening on 29 June 2026.

Vimal Kapur, Chairman and Chief Executive Officer of Honeywell Technologies, described the separation as a defining moment in the company’s history, saying it had transformed Honeywell into three independent, industry-leading companies: Honeywell Technologies, Honeywell Aerospace and Solstice Advanced Materials. He said each company had been built around a distinct strategy, with greater focus and financial flexibility to pursue long-term growth.

Kapur added that the milestone marked the conclusion of a portfolio transformation that began in 2023, and that the standalone companies were uniquely positioned to accelerate innovation, invest with greater precision and pursue value-creation opportunities within their respective industries.

Honeywell Technologies said it was now positioned to lead the industrial sector’s transition from automation to autonomy, with a portfolio spanning the building, process and industrial sectors. The company said it intended to combine its domain expertise with data from its global installed base to deliver outcomes for customers around safety, productivity, efficiency and uptime.

DISTRIBUTION AND REVERSE STOCK SPLIT

The spin-off was completed through a distribution, effective from 12:01am New York time on 29 June 2026, of all issued and outstanding shares of Honeywell Aerospace common stock to Honeywell Technologies shareholders of record. Shareholders received one share of Honeywell Aerospace common stock for every two shares of Honeywell Technologies common stock held as of the close of business on 15 June 2026, the record date for the distribution. Shareholders entitled to fractional shares will instead receive a cash payment.

Honeywell Technologies also completed a previously announced one-for-two reverse stock split of its common stock, alongside a proportionate reduction in the number of authorised shares. The company’s stock began trading on a split-adjusted basis from the market opening on 29 June 2026, continuing under the Nasdaq symbol HON but with a new CUSIP number, 438516205.

As a result of the reverse split, every two shares of Honeywell Technologies common stock, including treasury shares, were automatically combined into one share. This reduced the number of issued and outstanding shares from approximately 634 million as of 31 March 2026 to approximately 317 million. The number of authorised shares was correspondingly reduced from 2 billion to 1 billion, while the stock’s par value remained unchanged. Outstanding equity-based awards and benefit plan shares were adjusted proportionately, and no fractional shares were issued; any resulting fractional entitlements will be aggregated, sold on the open market, and paid out in cash to the relevant shareholders.

SUPPLEMENTAL FINANCIAL REPORTING

In connection with the spin-off, Honeywell Technologies said it would file a Current Report on Form 8-K presenting the former Aerospace Technologies business, now Honeywell Aerospace, as discontinued operations, alongside the former Advanced Materials business, now Solstice Advanced Materials, which had already been presented as discontinued operations from the fourth quarter of 2025. The filing will include recast historical financial information for Honeywell Technologies and its segments on a quarterly basis for fiscal years 2024 and 2025 and the first quarter of 2026, covering reported and organic sales percentage change, operating income, segment profit, and earnings per share on both a reported and adjusted basis.

Further information on the spin-off and prior related transactions is available in the “About Our Spin-offs” section of Honeywell Technologies’ investor relations website.