Honeywell Weighs Aerospace Split After Elliott Breakup Call
- Activist investor says strategic review is ‘the right course’
- Honeywell CEO Vimal Kapur has sought deals to boost returns
A Honeywell office in Atlanta, Georgia.
Photographer: Elijah Nouvelage/BloombergThis article is for subscribers only.
Honeywell International Inc. is exploring a separation of its aerospace business as the industrial company faces calls from activist Elliott Investment Management for a breakup.
The potential move is under consideration as part of a broader review started earlier this year, Honeywell said Monday in a statement. The company plans to provide an update on the effort with its fourth-quarter earnings report.