Honeywell completes acquisition of CAES Systems Holdings for $1.9B

Honeywell announced the completion of its acquisition of CAES Systems Holdings from private equity firm Advent International for approximately $1.9B in an all-cash transaction. The acquisition enhances Honeywell’s defense technology solutions across land, sea, air and space and is also expected to create favorable tailwinds for growth across Honeywell’s Aerospace Technologies business. CAES expands Honeywell’s current defense and space portfolio with scalable offerings that enable Honeywell to both increase production and upgrade positions on critical platforms that include F-35, EA-18G, AMRAAM and GMLRS. Honeywell will also benefit from the ability to introduce its existing offerings on new platforms, such as the Navy Radar and UAS and C-UAS technologies.