Honeywell Divests Stake in Savannah River Nuclear Solutions JV
Portfolio Pulse from Lekha Gupta
Honeywell International Inc has sold its stake in the Savannah River Nuclear Solutions joint venture to partners Fluor Corporation and Huntington Ingalls Industries, Inc. The financial terms were not disclosed. Last month, Honeywell agreed to buy Saab AB heads-up-display (HUD) assets for use in several avionics offerings for undisclosed terms.
July 03, 2023 | 1:58 pm
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NEUTRAL IMPACT
Fluor Corporation has acquired a stake in the Savannah River Nuclear Solutions JV from Honeywell. The financial terms were not disclosed.
Fluor's acquisition of Honeywell's stake in the JV could potentially expand its operations and increase its revenue. However, without financial terms, it's hard to assess the immediate impact on the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Huntington Ingalls Industries, Inc. has acquired a stake in the Savannah River Nuclear Solutions JV from Honeywell. The financial terms were not disclosed.
Huntington Ingalls' acquisition of Honeywell's stake in the JV could potentially expand its operations and increase its revenue. However, without financial terms, it's hard to assess the immediate impact on the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Honeywell has divested its stake in the Savannah River Nuclear Solutions JV and acquired Saab AB's HUD assets. The financial terms of both deals were not disclosed.
Honeywell's divestment from the JV and acquisition of Saab's assets could potentially streamline its operations and focus on its core capabilities. However, without financial terms, it's hard to assess the immediate impact on the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100