Jim Cramer: Honeywell’s Aerospace Business Is the “New Aerospace Play” Investors Need

Jim Cramer precocious spotlighted Honeywell Aerospace (NASDAQ:HONA) connected a Mad Dash segment, the recently autarkic aerospace institution created aft Honeywell Technologies (NASDAQ:HON) completed its spinoff connected June 29, 2026. Cramer says helium plans to ain some Honeywell Aerospace and Honeywell Technologies successful his charitable trust.

His statement for the caller Honeywell Aerospace concern is straightforward: "People privation a caller aerospace play. They emotion aerospace. They don't similar Boeing," helium said. Boeing (NYSE:BA) was past quoted adjacent $216.95, against analysts' mean terms people of $270.

Honeywell Aerospace: The New Aerospace Pure-Play

Cramer called the aerospace cognition "top flight" and pushed backmost connected Wall Street's caution. He flagged that Jefferies rates the aerospace portion a hold, but said helium disagrees and intends to ain it personally. He besides disclosed a idiosyncratic angle, noting a relationship with 1 of the aerospace leaders, whom helium described arsenic a erstwhile neighbor. Honeywell Aerospace is led by President and CEO Jim Currier with Josh Jepsen arsenic CFO.

On growth, Cramer pointed to management's model of astir 9% compound yearly maturation done 2030, past added that helium would "go a small spot higher than that," framing the guidance arsenic conservative. The underlying concern supports the case.

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In its last 4th arsenic a conception wrong the genitor company, Aerospace Technologies generated $4.322 billion successful Q1 2026 gross with 4% integrated growth, a 1.1x book-to-bill ratio, and 6% bid growth. The anterior 4th showed adjacent much torque, with $4.520 billion successful gross and 13% integrated growth, including 10% growth successful Defense & Space.

Honeywell Technologies: The Automation Story Cramer Still Wants to Own

The remaining Honeywell Technologies entity is the automation-focused parent, led by CEO Vimal Kapur. Cramer said helium likes the automation concern and its enactment and is keeping HON successful his spot alongside HONA. Honeywell has a marketplace capitalization of astir $73.57 billion, a guardant P/E of 22, and a stock terms of $224.46, vs. an expert terms people of $247.69.