An activist investor's dream scenario has come to fruition with Honeywell's decision to break up the company. Here's how it will affect workers in Phoenix.

Honeywell is separating into three publicly traded companies, the Charlotte-based conglomerate said Thursday. Only one will stay in Charlotte. Honeywell will spin off its automation and aerospace tech businesses. The separations are expected to be completed by the second half of 2026, Honeywell said.