As Honeywell Aerospace readies for its standalone debut, its CEO is forecasting big growth Honeywell Aerospace is set to spin off as a standalone company, with CEO Jim Currier aiming to showcase its growth potential in avionics and engine control systems. The company projects significant earnings and free cash flow increases by 2026 and 2030, driven by demand in commercial transport and defense sectors. This separation aims to address investor concerns over past underperformance compared to market benchmarks and competitors like GE Aerospace.

• Honeywell Aerospace is spinning off as an independent company later this month.
• CEO Jim Currier is focused on accelerating growth in avionics, engine control systems, and other aerospace technologies.
• Projected full-year 2026 adjusted EBIT of $4.65-$4.75 billion and second-half 2026 free cash flow of $1-$1.5 billion.
• Targeting at least $6.5 billion in annual earnings and $4 billion in free cash flow by 2030.
• Growth opportunities are strong in the commercial transport and defense/space markets, with record backlog orders from Airbus and Boeing.
• The spin-off is driven by Honeywell International’s overall struggle to generate competitive stock returns.
• Honeywell Aerospace aims for organic annual sales growth of 6%-8% and annual earnings growth of 9% through 2030.
• Recent temporary supply chain issues in Q1, linked to the war in the Middle East, have reportedly been corrected.