Honeywell Swoops In To Acquire CAES For $1.9B, Boosts Defense Business
Honeywell (NASDAQ: HON) to acquire CAES Systems Holdings LLC from Advent International for $1.9B. Deal expected to boost EPS and expand defense solutions.
Honeywell Takes Flight: Boosts Guidance, Closes Carrier Global Transaction
Honeywell raised guidance after completing acquisition of Carrier's Global Access Solutions business, expecting growth in automation and aviation. Q2 & FY24 outlooks improved with strong cash flow and margin expansion.
Why Is Aerospace Company Triumph Stock Tumbling Today?
Triumph Group reported strong Q4 FY24 results with sales of $358.6M (+11% Y/Y) and adjusted EPS of $0.31, beating estimates. The backlog increased by 22% and the company expects improvement in financial metrics.
Honeywell Takes Flight In Autonomous Future With Civitanavi Acquisition
Honeywell to acquire Civitanavi Systems for €6.30 per share. Deal expected to close in Q3 2024, not subject to financing. Honeywell will gain new navigation solutions and strengthen their position in autonomous operations.