The acquisition is intended to “enhance Honeywell’s defense technology solutions across land, sea, air and space”, said the company.
Specifically, for Honeywell’s Aerospace Technologies business, it will include new electromagnetic defence systems for end-to-end radio RF signal management, and introduce offerings on Navy Radar (SPY-6) and UAS and C-UAS technologies.
“This acquisition further positions Honeywell at the forefront of the defense industry’s most dynamic sectors and sets the tempo for continued growth across our aerospace business,” said Vimal Kapur, Chairman and CEO of Honeywell.
“With the integration of CAES’ solutions and capabilities, we will fortify our existing defense offerings, while also expanding our capabilities in pivotal areas like RF, radar and sensing technologies, to ensure a market-leading position in areas that are critical for global security.”
CAES
The CAES deal will add approximately 2,200 employees and “a deep bench of RF engineering talent” to Honeywell.
CAES is headquartered in Arlington, Virginia. The multinational Honeywell is headquartered in Charlotte, North Carolina.
The acquisition is the third Honeywell has announced this year, following Carrier Global Corporation ($4.95 billion, June) and the Italian company Civitanavi Systems ($214 million, March).
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