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Honeywell International Sets June 29 Target for Aerospace Spin-Off Completion

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Honeywell International (HON) said Tuesday that it expects to complete the spin-off of its aerospace business on June 29 and has named the incoming board for the standalone Honeywell Aerospace.

The spin-off will create one of the largest publicly listed pure-play aerospace and defense companies, with Honeywell aiming to unlock value and sharpen its strategic focus, it said.

Honeywell's new 11-member board will be led by former Eaton (ETN) chief executive officer Craig Arnold as independent chair, with Honeywell Aerospace CEO Jim Currier also joining the board alongside other industry leaders, the company added.

Price: $212.91, Change: $+0.86, Percent Change: +0.41%

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