Honeywell Aerospace (NYSE: HON) announced today that it signed a definitive agreement to sell its Consumables Solutions business to B/E Aerospace for $1.05 billion, consisting of at least $800 million in cash and the remainder in shares of B/E common stock. The transaction is expected to close in the third quarter subject to regulatory approval.
Consumables Solutions is a global distributor of aerospace fasteners and hardware, and provides custom logistics services to original equipment manufacturers, airlines, repair shops, flight service centers and distributors. The business generated 2007 revenues of $524 million.
"While Consumables Solutions is a growing business, it no longer fits with Honeywell Aerospace's strategic focus on more advanced technologies for the entire aircraft," said Rob Gillette, Honeywell Aerospace President and Chief Executive Officer. "B/E Aerospace's focus on the distribution of commodities makes this business a better place for Consumables Solutions' growth over the long-term. We look forward to working with B/E Aerospace under long-term supply and license agreements."
| Contact details from our directory: | |
| Honeywell Aerospace | Air Conditioning Equipment, Air Conditioning Equipment, Magnetometers, Cockpit Printers, Airborne Communication Systems, Cooling Systems, Cargo Systems, Airspeed Indicators, WAAS Equipment, Starter Generators, Bleed Air Systems, Air Purification Systems, Flight Management Systems, Engine Parts, Pneumatic Systems Equipment, Automatic Flight Control Systems, Inertial Components & Systems, Multi-Mode Receivers (MMR), Auxiliary Power Units, Cabin Pressure Control Systems, Autopilots, Cockpit Control Systems, Avionics Management Systems, Automatic Direction Finders, Distance Measuring Equipment, Transceivers, VOR (Omnirange) Receivers, Radio Communications Equipment, GPS, Attitude and Heading Reference Systems, Radar/Radio Altimeters, Terrain Awareness and Warning Systems, Horizontal Situation Indicator, Heading Indicators, Onboard Intercom Systems, Electronic Flight Instrument Systems, Flight Recorders, Collision Avoidance Systems/TCAS, Fly-by-Wire Systems, Air Data Computers, Cabin Management Systems, Weather Mapping Radar, Emergency Locator Transmitters, Radar Transponders, IFF Interrogators, Glide Slope Receivers, Weapons Countermeasures, LCD Displays, Moving Maps, Enhanced Vision Systems (EVS), Inflight Entertainment, Angle of Attack Indicators, Proximity Sensors, Testing Services, Environmental Testing Services, Electromagnetic Test Services, Electric Power Controllers, Cockpit Video Displays, Fibre Optic Gyroscopes, Fuel Tanks & Systems |
| Collins Aerospace, Interiors Division | Passenger Seating, Oxygen Systems, Galleys, Lavatory Equipment, Waste Water Systems, Water Systems, Aircraft Interiors, Galley Inserts, Crew Rest Modules, Inflight Entertainment |
| Related directory sectors: |
| Mechanical Components |
| Cabin Interiors |
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