Honeywell has announced its updated business segment structure ahead of the planned separation of its Aerospace Technologies business, expected in the second half of 2026, and its Solstice Advanced Materials business, expected to be completed on October 30, 2025.
Beginning with Honeywell’s Q1 2026 quarterly earnings results, the company’s reporting segments will be Aerospace Technologies, Building Automation, Industrial Automation, and Process Automation and Technology. The new segmentation is expected to take effect on January 1, 2026, and is the next step in evolving Honeywell’s streamlined portfolio to unlock significant value and drive long-term growth.
Honeywell will have three reportable business segments after the spin-off of the Aerospace Technologies business, Building Automation (BA), Industrial Automation (IA), and Process Automation and Technology (PA&T)
“For more than a century, Honeywell has been at the forefront of automation innovation, redefining what is possible for the industrial sector. Now, we are transforming our business to lead the journey to a connected autonomous future for our customers,” said Vimal Kapur, Chairman and CEO of Honeywell.
Following the spin-off, Honeywell’s businesses will continue to be led by Billal Hammoud as president and CEO of Building Automation; Peter Lau as president and CEO of Industrial Automation; Jim Masso as president and CEO of Process Automation; and Ken West as president and CEO of Process Technology. Each of these leaders will report to Vimal Kapur, who will continue to serve as Chairman and CEO of Honeywell following the spin-off.
