Honeywell Aerospace took a step Tuesday toward becoming a publicly traded company. Its parent company filed a financial statement with the Securities and Exchange Commission for its Phoenix spinoff, Honeywell Aerospace.
Companies are required to file what is known as a Form 10 with the SEC after accruing $10 million in total assets and 500 or more shareholders. This process is a step toward selling securities on U.S. exchanges. According to the press release by Honeywell, they expect to operate under the stock ticker HONA.
“Honeywell Aerospace continues to build momentum as we approach our public debut in the third quarter,” said Jim Currier, president and CEO of Honeywell Aerospace…