KEY TAKEAWAYS Honeywell International, the storied conglomerate which launched a strategic review early last year, announced plans Thursday to split into three independent companies.The conglomerate said it is planning to separate its aerospace division from its automation business and would proceed with plans to spin off its advanced-materials

Honeywell plans to split into three separate companies, The Wall Street Journal reported on Thursday, news that sent shares surging.

Honeywell said it will split into three companies. The aerospace giant said it will separate its aerospace, automation and advanced materials units into distinct entities in 2026.