US industrial group Honeywell is exploring options for spinning off its aerospace division, marking a significant move in the company’s efforts to focus on its core industrial business. The potential breakup comes amid growing competition and increased regulatory scrutiny in the global defense sector. While details are still emerging, the development suggests that Honeywell is seeking to separate its aerospace unit from its industrial arm, which generates more revenue and has greater market presence.
Source: https://www.ft.com/content/a8a29c0f-1871-4abc-a0a6-f042a9245a82