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Aerospace Division

All articles tagged with #aerospace division

business1 year ago•1 min saved

Elliott Management Seeks Honeywell Breakup with $5B Stake

Elliott Management has acquired a $5 billion stake in Honeywell International, advocating for the industrial conglomerate to split into two separate businesses: its aerospace division and its automation division. This move aligns with Elliott's strategy of making concentrated investments, as seen with its stakes in Texas Instruments and Southwest Airlines. Honeywell's management is open to engaging with Elliott, as the company has already been simplifying its portfolio under CEO Vimal Kapur. The proposed breakup follows a trend among industrial conglomerates like GE and 3M, which have spun off divisions to enhance focus and valuation.

via Financial Times|

#activist-investor #aerospace-division #business

business2 years ago•1 min saved

BAE Systems Acquires Ball Aerospace in $5.6 Billion Deal

UK defense contractor BAE Systems has agreed to acquire Ball Aerospace, the aerospace division of Ball Corporation, for $5.6 billion in cash. The deal, expected to close in the first half of next year, is subject to regulatory approval. Ball Aerospace, known for manufacturing spacecraft and specialized aerial systems, has key customers such as NOAA, the Pentagon, and U.S. intelligence agencies. The acquisition will add a high-quality, fast-growing technology-focused business to BAE Systems' core operations and help Ball Corporation reduce its debt.

via CNBC|

#acquisition #aerospace-division #bae-systems