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Honeywell Strikes $2 Billion Deal for Defense Business

·1 min

Honeywell International has agreed to acquire aerospace and defense technology company CAES Systems for approximately $2 billion in an all-cash deal. The acquisition was confirmed in an announcement on Thursday, following an earlier report.

Honeywell International to Acquire CAES Systems in $2 Billion Deal #

Honeywell International, a multinational conglomerate, has announced its plans to acquire CAES Systems, a prominent aerospace and defense technology company. The deal, valued at around $2 billion, will be an all-cash transaction. The acquisition is a strategic move for Honeywell International, as it aims to strengthen its position in the aerospace and defense sector. The agreement was confirmed in an official statement on Thursday, following earlier reports of the impending acquisition.