Yahoo FinanceHoneywell strikes $2 billion deal to buy aerospace and defence firm CAES Systems, WSJ reports

Jun 20 2024 05:21 PM IST

The all-cash deal marks Honeywell's second acquisition in recent months to strengthen its aerospace technologies unit. CAES, formerly known as Cobham Advanced Electronic Solutions, designs, develops and tests electronics for aerospace and defense companies. Honeywell and Advent International did not immediately respond to a Reuters request for comment.

(Reuters) - Honeywell has agreed to buy aerospace and defense technology company CAES Systems for roughly $2 billion from private equity firm Advent International, The Wall Street Journal reported on Thursday.
The all-cash deal marks Honeywell's second acquisition in recent months to strengthen its aerospace technologies unit, the newspaper reported, citing people familiar with the matter.
Honeywell and Advent International did not immediately respond to a Reuters request for comment.
CAES, formerly known as Cobham Advanced Electronic Solutions, designs, develops and tests electronics such as antenna systems and communication networks for aerospace and defense companies.
(Reporting by Ananta Agarwal in Bengaluru; Editing by Janane Venkatraman)
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