ASIM, sep 04
Honeywell has completed its acquisition of CAES Systems Holdings LLC for approximately $1.9 billion in an all-cash deal, strengthening its defense technology solutions across various platforms, including land, sea, air, and space. This acquisition is expected to enhance Honeywell’s Aerospace Technologies business, creating new growth opportunities. CAES will help expand Honeywell’s defense and space portfolio by enabling increased production and upgrades for platforms such as the F-35 and AMRAAM, while introducing its solutions to new areas like Navy Radar and UAS technologies.
The acquisition is part of Honeywell’s strategic focus on high-return transactions that align with key industry trends like automation, the future of aviation, and energy transition. CAES is Honeywell’s fourth acquisition of the year, following its recent purchase of Carrier’s Global Access Solutions business. According to Jim Currier, President and CEO of Honeywell Aerospace Technologies, the addition of CAES strengthens Honeywell’s defense offerings and reinforces its commitment to providing cutting-edge solutions for critical military platforms.
Honeywell’s broader business strategy revolves around three major trends—automation, aviation’s future, and energy transition—supported by its Honeywell Accelerator operating system and IoT platform, Honeywell Forge. With its integrated business model, the company aims to provide innovative solutions across various sectors, helping organizations address complex challenges and drive sustainability. Honeywell also acknowledges the risks associated with forward-looking statements, such as economic volatility and geopolitical factors, which could impact its performance and future results.
