06:42 AM EST, 12/16/2024 (MT Newswires) -- Honeywell International ( HON ) said Monday it continues to consider strategic options to increase shareholder value, including the potential spinning off of its aerospace business, with an update to be part of its Q4 earnings report.

"Honeywell ( HON ) is now well-positioned for significant transformational alternatives, and we are continuing our deeper, more granular exploration of their feasibility and possible timing," Chief Executive Vimal Kapur said.

Shares of Honeywell ( HON ) increased more than 2% in recent premarket activity Monday.

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