Honeywell Aerospace will become a separate company with its headquarters still in Phoenix, officials confirmed after details of its parent company's breakup were announced Thursday morning.

Honeywell International Inc. will spin off its aerospace division to create a new, standalone company that will be headquartered in Phoenix, company officials announced Thursday.

Honeywell plans to separate its automation and aerospace technologies businesses from the U.S. industrial conglomerate, following similar actions by companies such as General Electric and Alcoa.

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On February 6, Honeywell announced it would be splitting its operations in aerospace and home automation. It had previously indicated it would be spinning out its advanced materials business.

Play the USA TODAY Daily Crossword Puzzle. Honeywell has locations around metro ... but the announcement was not related to job elimination, and there will be more opportunities for employees ...

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Honeywell Aerospace will ... And "it's huge for us" that the city remains the spinoff company's corporate headquarters. Aerospace industry jobs have a multiplier effect of between four and five ...