Wall Street Journal Reported Honeywell Strikes $2B Deal for Advent's CAES System, Citing Sources
Portfolio Pulse from Benzinga Newsdesk
Honeywell has struck a $2 billion deal to acquire Advent's CAES system, according to sources cited by the Wall Street Journal. This acquisition is expected to enhance Honeywell's defense business.
June 20, 2024 | 10:16 am
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Honeywell has agreed to a $2 billion acquisition of Advent's CAES system, which is expected to strengthen its defense business.
The acquisition of Advent's CAES system for $2 billion is a significant move for Honeywell, likely to enhance its defense business and potentially lead to increased revenues and market share in the defense sector.
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