
Honeywell Acquires CAES Systems Holdings for $1.9 Billion
Key Highlights:
- Honeywell acquires CAES for $1.9 billion in all-cash transaction.
- Acquisition to enhance Honeywell's defense technology solutions.
- Combined offerings to grow Honeywell's production on critical platforms like F-35 and Navy Radar (SPY-6).
- Expected to be earnings accretive in the first full year of ownership.
- Transaction set to close in the second half of 2024.
Source (PR Newswire)
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