Honeywell to Acquire CAES Systems for $1.9 Billion in Cash

MT Newswires06-21

honeywell -Shutterstock Honeywell International (HON) said Thursday it will acquire aerospace and defense technology company CAES Systems from private-equity firm Advent International for about $...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2445297642?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/A2.c3WgGIFkUL5DxMPK4LA--~B/aD02Njc7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/mt_newswires_premium_news_706/eb8240c5027c53e307ad49ff26a8abe8","is_english":true,"pubTime":"2024-06-21 03:05","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2445297642","market":"us","top_or_hot":-1,"title":"Honeywell to Acquire CAES Systems for $1.9 Billion in Cash","media":"MT Newswires","content":"<div>\n<p>honeywell -Shutterstock\n \n Honeywell International (HON) said Thursday it will acquire aerospace and defense technology company CAES Systems from private-equity firm Advent International for about $...</p>\n\n<a href=\"https://finance.yahoo.com/news/honeywell-acquire-caes-systems-1-190542702.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Honeywell to Acquire CAES Systems for $1.9 Billion in Cash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHoneywell to Acquire CAES Systems for $1.9 Billion in Cash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-21 03:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/honeywell-acquire-caes-systems-1-190542702.html><strong>MT Newswires</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>honeywell -Shutterstock\n \n Honeywell International (HON) said Thursday it will acquire aerospace and defense technology company CAES Systems from private-equity firm Advent International for about $...</p>\n\n<a href=\"https://finance.yahoo.com/news/honeywell-acquire-caes-systems-1-190542702.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://finance.yahoo.com/news/honeywell-acquire-caes-systems-1-190542702.html","article_id":"2445297642","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/A2.c3WgGIFkUL5DxMPK4LA--~B/aD02Njc7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/mt_newswires_premium_news_706/eb8240c5027c53e307ad49ff26a8abe8"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2445297642","pubTimestamp":1718910342,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Honeywell International  said Thursday it will acquire aerospace and defense technology company CAES Systems from private-equity firm Advent International for about $1.9 billion in an all-cash deal.CAES, formerly known as Cobham Advanced Electronic Solutions, has 13 facilities in North America. Honeywell said the acquisition will help improve its defense offerings, including new electromagnetic defense solutions for end-to-end radio frequency signal management.\"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,\" Chief Executive Vimal Kapur said.\"As a trusted supplier and mission partner to our customers across advanced [radio frequency] capabilities, I couldn't be more excited to see CAES join the Honeywell team,\" CAES CEO Mike Kahn said.Honeywell said it expects the acquisition to be accretive to its adjusted earnings per share in the first full year of owne","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4086":"建筑产品","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","BK4550":"红杉资本持仓","BK4588":"碎股","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","HON":"霍尼韦尔","BK4206":"工业集团企业","CARR":"开利全球"},"translate_title":"霍尼韦尔将以19亿美元现金收购CAES Systems","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CARR":1,"HON":1},"content_text":"honeywell -Shutterstock\n \n Honeywell International (HON) said Thursday it will acquire aerospace and defense technology company CAES Systems from private-equity firm Advent International for about $1.9 billion in an all-cash deal.\n\n CAES, formerly known as Cobham Advanced Electronic Solutions, has 13 facilities in North America. Honeywell said the acquisition will help improve its defense offerings, including new electromagnetic defense solutions for end-to-end radio frequency signal management.\n\n \"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,\" Chief Executive Vimal Kapur said.\n\n \"As a trusted supplier and mission partner to our customers across advanced [radio frequency] capabilities, I couldn't be more excited to see CAES join the Honeywell team,\" CAES CEO Mike Kahn said.\n\n Advent has invested \"significantly\" in research and development, capital and capability enhancement at CAES, said Shonnel Malani, managing partner at Advent.\n\n Honeywell said it expects the acquisition to be accretive to its adjusted earnings per share in the first full year of ownership. The deal is expected to close in the second half of 2024.\n\n Earlier this month, Honeywell closed its acquisition of Carrier Global's (CARR) global access solutions business for $4.95 billion.\n The industrial conglomerate said at the time it expected second-quarter adjusted EPS of $2.35 to $2.45 on sales of $9.3 billion to $9.6 billion. Wall Street is expecting normalized EPS of $2.41 on revenue of $9.43 billion.\n\n Honeywell also said at the time it projected full-year adjusted EPS at $10.15 to $10.45 on sales of $38.5 billion to $39.3 billion. The Street is looking for $10.26 and $38.79 billion, respectively.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2445297642"}