06:54 AM EST, 12/16/2024 (MT Newswires) -- Honeywell International's ( HON ) decision to launch review of strategic alternatives, including the separation of its Aerospace business, is supported by Elliott Investment Management, the investor manager said Monday.

Elliott said it believes the portfolio transformation "represents the right course for Honeywell ( HON )" and added that it is looking forward to supporting "Honeywell ( HON ) as it implements the necessary steps to realize its full value."