Honeywell, one of the few remaining industrial conglomerates in the U.S., has confirmed plans to separate its operations into three distinct public companies. This significant restructuring will involve the spin-off of its automation and aerospace units, aimed at enhancing focus and operational efficiency. The move comes after pressure from activist investors and follows a trend seen in other conglomerates seeking to recreate successful models. The aerospace headquarters will remain in Phoenix, while the change is expected to impact stock performance amid market reactions. While this transformation marks a new chapter for Honeywell, it also signals the end of its long-standing status as a single conglomerate.