HONEYWELL ANNOUNCES QUANTINUUM'S CONFIDENTIAL SUBMISSION OF DRAFT REGISTRATION STATEMENT FOR PROPOSED INITIAL PUBLIC OFFERING

Honeywell International Inc. (Nasdaq: HON) announced today that its majority-owned subsidiary, Quantinuum LLC, has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its common stock. The submission occurred on February 17, 2026, although the specific number of shares to be offered and the price range have yet to be determined. The IPO is contingent upon market conditions and the SEC's review process.

Quantinuum, a leader in quantum computing and quantum-safe cybersecurity, has emerged as a significant player in the technology sector, particularly as businesses increasingly seek advanced computational capabilities. As a subsidiary of Honeywell, Quantinuum benefits from the parent company's extensive resources and expertise in various industries, including aerospace, building automation, and industrial automation. Honeywell's backing provides Quantinuum with a solid foundation to pursue its growth objectives and capitalize on the expanding market for quantum technologies.

The decision to pursue an IPO reflects a broader trend within the technology sector, where companies are seeking to leverage public markets to fund innovation and expansion. The quantum computing industry, in particular, is experiencing heightened interest from investors as advancements in technology promise to revolutionize fields such as cryptography, materials science, and complex system simulations. By going public, Quantinuum aims to enhance its visibility and attract additional investment to accelerate its research and development initiatives.

As the IPO process unfolds, market participants will be closely monitoring the performance of Quantinuum and its potential impact on Honeywell's overall financial health. The offering may provide Honeywell with additional capital to reinvest in its core business segments or to pursue strategic acquisitions. Furthermore, a successful IPO could signal a growing confidence in the quantum computing sector, potentially leading to increased investment and innovation across the industry.

In conclusion, the confidential submission of Quantinuum's draft registration statement marks a significant step in the company’s journey toward becoming a publicly traded entity. As the quantum computing landscape continues to evolve, the implications of this IPO extend beyond Quantinuum and Honeywell, potentially shaping the future of technology investment and development in the broader market. The outcome of this offering will be closely watched as it may set a precedent for other companies in the burgeoning field of quantum technology.