Honeywell announced that Jim Currier will serve as President and Chief Executive Officer of Honeywell Aerospace, the company’s aerospace division slated to become an independent, publicly traded entity in the second half of 2026.
Currier has led Honeywell Aerospace Technologies since August 2023 and previously held senior roles across the company, including President of the Electronic Solutions business and Vice President of Airlines in North America. His experience spans propulsion, avionics, and aftermarket services, positioning him to guide the division through the transition.
Craig Arnold was selected as Chairman of the Honeywell Aerospace board. Arnold brings more than two decades of leadership experience, most recently as Chairman and CEO of Eaton, and has a track record of driving operational excellence and capital allocation in technology and industrial businesses.
The appointments are part of Honeywell’s portfolio transformation strategy, which aims to simplify the company’s structure and focus on key megatrends such as automation, the future of aviation, and energy transition. The aerospace spin‑off follows the earlier separation of the Advanced Materials segment, completed on October 30, 2025.
Honeywell Aerospace is expected to have over $15 billion in 2024 sales and has delivered double‑digit organic growth for nine consecutive quarters, with Q3 2024 sales up 12 % year‑over‑year and Q3 2023 sales up 18 %. The new entity will be headquartered in Phoenix, Arizona, and will operate as a pure‑play aerospace supplier.
Management highlighted that separating the aerospace division will allow for greater strategic focus, operational agility, and optimized capital allocation. The company expects the spin‑off to unlock shareholder value by enabling each independent entity to concentrate on its core markets and growth opportunities.
Honeywell’s remaining businesses will continue to operate under the Honeywell International umbrella, with the company maintaining its focus on automation, aerospace, and energy solutions. The spin‑off is expected to streamline operations and provide clearer financial visibility for each segment.
Management cited strong demand from commercial airlines and defense programs, while acknowledging supply‑chain constraints and rising material costs. The company is investing heavily in next‑generation propulsion and avionics to maintain its competitive edge.
The aerospace sector continues to face supply‑chain bottlenecks and rising raw‑material costs, but demand from commercial airlines and defense programs remains robust, supporting the division’s growth trajectory.
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