Honeywell has completed its acquisition of CAES Systems Holdings LLC (CAES), enhancing the company’s defense technology solutions across land, sea, air, and space.
CAES expands Honeywell’s current defense and space portfolio with scalable offerings, enabling Honeywell to both increase production and upgrade positions on critical platforms, including the 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 (SPY-6), unmanned aerial systems (UAS), and counter-UAS technologies.
CAES marks the fourth transaction Honeywell has announced this year as part of its disciplined capital deployment strategy. It follows Honeywell’s recent acquisition of Carrier’s Global Access Solutions business in June 2024.
Honeywell acquired CAES from private equity firm Advent International for approximately $1.9 billion.
Honeywell Aerospace Technologies President and CEO Jim Currier, commented, “Honeywell’s acquisition of CAES builds on our leading position in defense technologies, while also strengthening and expanding the solutions and capabilities we can offer across multiple critical military platforms. Together with CAES, we will continue to set the standard for excellence in the industry and deliver specialized solutions that will keep our customers at the forefront of innovation.”
