Honeywell Aerospace stocks up 7% on debut
Honeywell Aerospace's shares rose by 7% on their first trading session on the NASDAQ after being listed as part of Honeywell's plan to split the industrial group into three independent companies focusing on automation, aerospace and space, and advanced materials. The stock opened at $236.78, up from the previous week's closing price of $221.01, as part of efforts to improve performance through specialization and efficiency following the decision to split the business in 2025. The company serves clients including aircraft manufacturers such as Boeing and Airbus, as well as customers in the defense sector and the U.S. military, with sales expected to grow, reaching profits of $6.5 billion by 2030.
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