NEW YORK, June 30, 2026, 10:02 EDT
- Honeywell Aerospace Inc. NASDAQ:HONA traded up 0.31% at $220.86 as of 9:58 a.m. EDT. The stock slipped 0.4% in its Nasdaq debut.
- HONA was added to the S&P 500 on Monday, replacing Honeywell Technologies Inc. NASDAQ:HON in the S&P 100 ahead of Tuesday’s open.
- HONA’s 2030 free-cash-flow goal is $4 billion or more. With a market cap of $71.14 billion, that’s at least 5.6% of its current equity value.
- U.S. cash equities traded at the dateline. Nasdaq’s 2026 holiday calendar says the next closure is July 3, not June 30.
Honeywell Aerospace Inc. NASDAQ:HONA ticked higher early Tuesday, but gains were modest for the new S&P 500 stock. Shares traded at $220.86 at 9:58 a.m. EDT, up 31 basis points after opening at $220.85 and moving in a $218.00 to $227.99 range. Market cap stood at $71.14 billion, according to .
Investors are looking at the cash numbers. HONA ended Monday off 0.4% at $220.19, giving up an early jump of around 7%. Nearly 8.5 million shares traded as HONA started its first regular-way session post-spin from Honeywell Technologies Inc. NASDAQ:HON.
S&P Dow Jones Indices put HONA into the S&P 500 on Monday, taking the slot from Conagra Brands Inc. NYSE:CAG. HONA also slotted into the S&P 100 before trading started Tuesday, replacing Honeywell International. The renamed Honeywell Technologies stayed in the S&P 500.
This is important for HONA since there’s index demand while legacy Honeywell investors just got a separate aerospace and defense holding after the one-for-two stock distribution. Honeywell Aerospace said it finished the spin by distributing all HONA shares to Honeywell Technologies holders who were on record as of June 15.
| HONA marker | Company figure or market fact | Read at $71.14 bln market value |
|---|---|---|
| Tuesday at 9:58 a.m. EDT | $220.86 | Up 0.31% for the day |
| Free cash flow goal for second half of 2026 | $1.0 bln-$1.5 bln | 1.4%-2.1% of market cap |
| 2030 free cash flow goal | Over $4 bln | Above 5.6% of market cap |
| 2030 adjusted earnings goal | $6.5 bln | Roughly 10.9 times earnings target |
The table sets the bar. HONA doesn’t need a bigger multiple if management gets to the 2030 cash targets. But the company does need supply-chain spending to show up as real output, sales and cash flow. Reuters said this month management sees $6.5 billion in adjusted earnings by 2030, sales up 7% to 9% this year, and more than $4 billion in free cash flow by 2030.
The stock trades at a lower trailing P/E than GE Aerospace NYSE:GE and RTX Corp. NYSE:RTX, but it’s a much smaller company and hasn’t been on the public market long as a stand-alone name.
| Company | Latest price | Day move | Market value | P/E |
|---|---|---|---|---|
| Honeywell Aerospace NASDAQ:HONA | $220.86 | up 0.31% | $71.14 bln | 27.54 |
| GE Aerospace NYSE:GE | $375.40 | up 0.45% | $391.67 bln | 45.39 |
| RTX Corp. NYSE:RTX | $188.43 | up 0.59% | $253.80 bln | 35.36 |
Honeywell Aerospace CEO Jim Currier said money will be directed to factories, suppliers and the core business before buybacks or dividends. “All of the distractions that occur as part of a conglomerate are eliminated,” Currier told Reuters. He said capital deployment will go beyond internal projects. Reuters
Currier told Reuters that Currier can support Boeing Co. NYSE:BA and Airbus SE EPA:AIR as both companies keep ramping up. He also said visibility into output plans from the planemakers has gotten better.
Supply is tricky here. Reuters said investors and analysts want more detail about HONA’s supply-chain plans. Jefferies analyst Sheila Kahyaoglu flagged worries over how key suppliers, like castings and forgings firms, treat the company. Currier said HONA is monitoring for bottlenecks around castings, forgings, bearings, specialty materials, coatings, and complex machining.
Defense hits HONA with another capital call. Currier told Reuters a March deal with the Pentagon, RTX Corp., and Lockheed Martin Corp. NYSE:LMT to boost precision missile and munitions production needed a $500 million investment from the company.
Honeywell Aerospace described itself as a global tier-1 aerospace and defense supplier in its launch release, citing more than 36,000 employees and over 10,000 customers. Currier said in the release the spin is the “start of a new era” for the company. Honeywell Aerospace
U.S. markets started Tuesday little changed. The Dow slipped 0.03% at the open, the S&P 500 dipped 0.01%, and the Nasdaq Composite inched up 0.02%, according to Reuters.
Honeywell Technologies said it filed a Form 8-K on Monday, providing supplemental, recast historical quarterly financials for 2024, 2025, and the first quarter of 2026. The company said it will release its second-quarter results and talk about its 2026 outlook on July 23.
