Honeywell Acquires CAES for $1.9 Billion to Enhance Defense Capabilities

The acquisition aims to boost Honeywell's defense technology across multiple domains, including space and electromagnetic defense.

Honeywell's all-cash deal for CAES is expected to close in the second half of 2024.
The acquisition will add 2,200 employees and 13 facilities across North America to Honeywell's operations.
CAES's technology will enhance Honeywell's offerings in radio frequency and electromagnetic defense solutions.
The deal is part of Honeywell's broader strategy to expand its aerospace and defense portfolio.
Honeywell has completed several significant acquisitions in 2024, including Carrier Global's digital security business for $5 billion.