https://youtu.be/MeWhRWm9Ctc?si=5Qj5e9F9mijoa3oM
Since Honeywell did not make him retract this story. I think this is 100% true.
12 replies (most recent on top)
That is probably not nearly as bad as you might imagine. Aero has most of its own IT setup already for export control reasons.
Yes, some things will need to be built, but an Aero separation can be fairly clean. If I were in charge and announcing next week, I would put a target of early 2026 to complete the spin.
Well, I thought this was very interesting from Bloomberg.
https://www.bloomberg.com/news/newsletters/2024-11-15/honeywell-breakup-pushed-by-elliott-could-tee-up-megadeals-with-ge-rockwell
We should also be celebrating the aerospace breakup. It doesn't look good.
Since day one VK came across as an interim CEO, a bridging guy, something was off.
Starting to all make sense now, there were some interesting posts on here a couple of years back detailing how things would unfold. Seemingly all coming true.
What a colossal failure this company has been. But hey leadership got to extract some great packages along the way.
@ey+1jjfcwx1f
I would like the new Aero to take VK, but I doubt it.
All his experience is in Automation, so he has no link to Aero, no one will take him there.
But most likely he will get a package and out. Probably he negotiated a good way out.
i wonder how the knotty disaster that is corporate IT will be unwound? IT forced aero to use ACS tool instances.. then those tools were never supported for defense projects and old tools were shut down. i suspect it will be a site by site free for all disaster.
It is almost certainly happening. The details are the only part missing and we will get those at quarterly earnings.
If the spin was not happening, Honeywell would have already issued a denial given all the media reports. A press release and an employee email is all that would be needed for a denial.
Frankly I'm optimistic from the spin. I hope Vimal and his team go with legacy Honeywell and the board brings in better leadership for Aero. Vimal and his team has no clue how to grow a business and the results prove it.
I work in IA, I hate IA, the worst possible directors across every discipline. Please end it.
I had a glimmer of hope when JW and DA were out. Nope, it is worse now than ever.
Honeywell minus IA and Honeywell Aero as an independent business will thrive, it is the very BEST decision for the business and everyone knows it. Bring it on.
I know it's 10 days ago. People are telling me it wasn't decided yet. We would have to wait until they made their final decision February 6th.
Honey, I would have had CNBC retract their story. If it wasn't true, or they would have threatened to sue them. Since this never happened. It's a done deal.
You Kool-Aid people. Listen up. Bloomberg has a 90% accuracy. Have you heard something else? You can tell me, after they spin it off. You should read what your wonderful CEO said would happen next.
I think the article is November 15th, 2024. Two names were mentioned for a possible merger. Doesn't mean they're etched in stone. So your Kool-Aid people will all be replaced , because both companies close down older facilities. They moved to state of art facilities and consolidate operations in one central location. Hey Kool-Aid, oh yeah.
10 days ago
Only IA to dump now and the prophecy will be fulfilled ;)
agree. bloomberg's piece is still up too, so i think feb 6 earnings call will be telling for all divisions of honeywell