Headquarters for Honeywell Aerospace will stay in Phoenix after the conglomerate breaks into three independent companies.
On Thursday, the company announced plans to separate its aerospace and automation divisions, which is expected to be done by the second half of 2026. It had previously announced plans to spin off its advanced materials division, which should be completed by early 2026.
In a statement, Honeywell CEO Vimal Kapur said, "The formation of three independent, industry-leading companies builds on the powerful foundation we have created, positioning each to pursue tailored growth strategies, and unlock significant value for shareholders and customers.”
Honeywell said it has about 7,100 employees in Arizona, mostly working in aerospace. Last year, Honeywell Aerospace reported $15 billion in revenue. The company says its aerospace technology and solutions are used on virtually every commercial and defense aircraft platform worldwide.
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