Honeywell has formally approved the spin-off of its aerospace business, keeping the separation on track for 29 June, when Honeywell Aerospace is due to begin regular-way Nasdaq trading under HONA. The distribution is set to give record holders on 15 June one Aerospace share for every two Honeywell shares, with when-issued trading under HONAV already in place. After the deal, the parent will trade as Honeywell Technologies under HON, followed by a 1-for-2 reverse split. For operators and suppliers, the clean break creates two public companies with sharper capital allocation and tighter portfolio focus.