Honeywell International Inc.’s stock price has reached an all-time high as the company considers selling or spinning off its aerospace unit. This move comes at a opportune time, with both the space-exploration and defense industries experiencing growth.
Shareholder activist Elliott Management has expressed support for Honeywell’s strategic review, citing the potential benefits of a sale or spinoff. The aerospace industry is seeing increased investment from civilian air carriers as they expand capacity.
The company’s plans have drawn praise from high-profile investors, indicating a shift in investor sentiment towards the aerospace sector. With this development, Honeywell’s stock price continues to rise, driven by growing demand and investment in the aerospace industry.
Source: https://www.marketwatch.com/story/honeywell-exploring-aerospace-unit-sale-during-a-boom-time-and-its-shareholder-activist-is-pleased-5525e930