Honeywell Acquires CAES Systems for $1.9B in Defense Sector Boost

Honeywell to Acquire Aerospace Firm CAES Systems for $1.9 Billion

Honeywell has announced its plan to purchase aerospace and defense technology company CAES Systems for $1.9 billion. The acquisition is being made from private equity firm Advent International to enhance Honeywell’s aerospace technologies unit. This all-cash deal is Honeywell's third acquisition this year.