- Market cap
- Revenue
- Net income
- Cash on hand
- Gross margin
- Net margin
- EPS
- P/E ratio
Originally a core division of the Honeywell International conglomerate, the business was spun off into an independent, publicly traded corporate entity effective June 29, 2026, following formal approval from the Honeywell Board of Directors on June 15, 2026. Following the structural separation, the remaining automation segments of the original parent company were renamed Honeywell Technologies.
The company experienced a foundational manufacturing boom during World War II, when it equipped Allied bomber aircraft with specialized avionics and invented the modern electronic autopilot. After the war, it successfully shifted focus toward commercial aviation and peacetime applications. Today, Honeywell Aerospace produces advanced space exploration equipment, micro-electronic systems, turbine engines, braking systems, synthetic vision, runway safety infrastructure, and flight deck avionics.
A Honeywell APU was instrumental in maintaining backup systems during the emergency river landing of US Airways Flight 1549, and a ruggedized Honeywell flight data recorder survived underwater for nearly two years to provide critical diagnostics for the investigation into Air France Flight 447. The company has historically contributed to nearly 90 percent of United States space missions, including design consulting for technical props in 2001: A Space Odyssey. It continues to be a core development partner in the U.S. Federal Aviation Administration's NextGen program and the European Union's SESAR modernization frameworks.
In 2010, President Barack Obama awarded longtime Honeywell safety engineer Don Bateman the National Medal of Technology for his development of ground proximity warning systems which radically reduced controlled flight into terrain accidents. The company holds an extensive patent portfolio detailing flight windshield engineering, aerospace turbochargers, and satellite communications hardware, following the resolution of a notable historical 11-year patent dispute regarding ring laser gyroscope technology.