Honeywell International Inc. (NasdaqGS:HON) is looking for M&A. Vimal Kapur, Chief Executive Officer said during the Third Quarter 2023 Earnings Conference Call, "This realignment will enable us to have a simpler, clearer strategic focus and clearly defined Honeywell's value proposition for our customers, investors and employees. We are an automation, aerospace and sustainability-focused technology company. We believe this change will empower our business leaders to better prioritize R&D efforts, capital expenditures, M&A pipeline, go-to-market strategies and more.

It will also create a more focused framework for M&A, allowing us to pursue bolt-on acquisitions and select disposition that aligns to our teams and enhance our portfolio".