PHOENIX, Feb. 4, 2016 /PRNewswire/ -- Honeywell (NYSE:
HON) announced that it has completed the acquisition of
Ontario, Canada-based COM DEV
International (TSX: CDV), a leading satellite and space components
provider of switches and multiplexers. The acquisition was
announced on Nov. 5, 2015.
"COM DEV extends Honeywell's connectivity push with proven
satellite component technologies and access to international
customers that align with our current space portfolio and growth
strategies," said Tim Mahoney,
president of Honeywell Aerospace. "Combined, Honeywell and COM DEV
offer commercial and government customers access to one of the
broadest space satellite equipment portfolios in the industry."
COM DEV will be part of the company's Defense and Space business
and will drive continued growth across Honeywell's connectivity
initiatives, benefiting the company's military, civilian and
commercial aviation customers. The acquisition complements
Honeywell's existing space business and enhances its radio
frequency and microwave engineering competencies.
There is no change to Honeywell's 2016 financial guidance as a
result of this announcement.
Supporting Resources
- Read more about COM DEV International
- Learn more about Honeywell's Space capabilities
- Read more about Honeywell Aerospace on the Follow The Aero
blog
- Like Honeywell Aerospace on Facebook
- Follow @Honeywell_Aero on Twitter
- Subscribe to Honeywell's Corporate RSS feed
Honeywell Aerospace products and services are found on virtually
every commercial, defense and space aircraft, and its turbochargers
are used by nearly every automaker and truck manufacturer around
the world. The Aerospace business unit develops innovative
solutions for more fuel-efficient automobiles and airplanes, more
direct and on-time flights, safer flying and runway traffic, along
with aircraft engines, cockpit and cabin electronics, wireless
connectivity services, logistics, and more. The business delivers
safer, faster, and more efficient and comfortable
transportation-related experiences worldwide. For more information,
visit www.honeywell.com or follow us at @Honeywell_Aero and
@Honeywell_Turbo.
Honeywell (www.honeywell.com) is a Fortune 100 diversified
technology and manufacturing leader, serving customers worldwide
with aerospace products and services; control technologies for
buildings, homes and industry; turbochargers; and performance
materials. For more news and information on Honeywell, please visit
www.honeywellnow.com.
Honeywell and the Honeywell logo are the exclusive properties of
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Office, and may be registered or pending registration in other
countries. All other Honeywell product names, technology names,
trademarks, service marks, and logos may be registered or pending
registration in the U.S. or in other countries. All other
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respective owners. Copyright 2016 Honeywell.
This release contains certain statements that may be deemed
"forward-looking statements" within the meaning of Section 21E of
the Securities Exchange Act of 1934. All statements, other than
statements of historical fact, that address activities, events or
developments that we or our management intends, expects, projects,
believes or anticipates will or may occur in the future are
forward-looking statements. Such statements are based upon certain
assumptions and assessments made by our management in light of
their experience and their perception of historical trends, current
economic and industry conditions, expected future developments and
other factors they believe to be appropriate. The forward-looking
statements included in this release are also subject to a number of
material risks and uncertainties, including but not limited to
economic, competitive, governmental, and technological factors
affecting our operations, markets, products, services and prices.
Such forward-looking statements are not guarantees of future
performance, and actual results, developments and business
decisions may differ from those envisaged by such forward-looking
statements. We identify the principal risks and uncertainties that
affect our performance in our Form 10-K and other filings with the
Securities and Exchange Commission.
Honeywell Aerospace Media Center
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SOURCE Honeywell