Honeywell is separating into three publicly traded companies, the Charlotte-based conglomerate said Thursday. Only one will stay in Charlotte. Honeywell will spin off its automation and aerospace tech businesses. The separations are expected to be completed by the second half of 2026, Honeywell said.

Honeywell, one of the last remaining US industrial conglomerates, announced on Thursday that it will split into three independently listed companies.

Honeywell, one of the last remaining American industrial giants, announced it will split into three companies Thursday after investor pressure.