Honeywell, a legacy industrial conglomerate, announces plans to divide into three separate enterprises, joining a trend set by manufacturing giants like General Electric and Alcoa. The North Carolina-based company intends to spin off its automation and aerospace segments. This move follows the previously announced separation of its advanced materials business, resulting in the creation of three independent, publicly traded companies. "Establishing three autonomous, industry-leading entities capitalizes on the robust foundation we have established, empowering each to embrace tailored growth strategies and generate substantial value for shareholders and customers," stated Honeywell Chairman and CEO Vimal Kapur. The separation is anticipated to conclude in the second half of 2026. Upon market opening on Thursday, shares experienced a decline exceeding 4%.