(Reuters) -Honeywell ( HON ) on Thursday raised its 2025 profit forecast despite the impact of a planned separation of its advanced materials unit, signaling robust growth prospects fueled by strong aerospace demand.

The business, now named Solstice, is set to start trading independently on the Nasdaq from October 30 and is part of Honeywell's ( HON ) plan to split into three independent companies.

Honeywell's ( HON ) shares rose 4.3% before the bell, as the company also surpassed Wall Street expectations for third-quarter results.

Aerospace suppliers are enjoying strong demand for parts, benefiting from planemakers ramping up production at a time of booming new jet demand.

An existing shortage of new jets has also bolstered the company's maintenance and repair services, as airlines are forced to fly older, cost-intensive aircraft.

Honeywell ( HON ) now expects full-year adjusted earnings per share between $10.60 and $10.70, which includes a 21 cent hit from the Solstice separation. It previously expected between $10.24 and $10.44, also adjusted for the spinoff.

The aerospace business, its biggest revenue generator, saw sales rise 15% to $4.51 billion in the third quarter, as supply chain snags also appeared to ease.

That unit is also set to be carved out from Honeywell ( HON ) in the second half of 2026, with the remaining company focusing on its automation businesses.

Honeywell ( HON ) reported overall sales of $10.41 billion in the quarter, up 7%, and above analysts' average estimate of $10.14 billion, per data compiled by LSEG.

Its adjusted profit per share came in at $2.82, also surpassing expectations of $2.57.