Honeywell (Nasdaq: HON) has finalized its acquisition of CAES from private equity firm Advent International and appointed industry executive Brad Westphal as president of the multinational conglomerate’s electromagnetic defensive solutions division.
Expanding Defense Technology Capabilities
Honeywell said Wednesday it expects the acquisition to expand its defense technology platforms across ground, sea, air and space domains, drive the growth of its aerospace technologies business and enable it to introduce offerings on the Navy Radar (SPY-6) platform, unmanned aircraft systems and counter-UAS technologies.
In June, Honeywell agreed to buy CAES for approximately $1.9 billion in an all-cash deal.
“Honeywell’s acquisition of CAES builds on our leading position in defense technologies, while also strengthening and expanding the solutions and capabilities we can offer across multiple critical military platforms,” said Jim Currier, president and CEO of Honeywell Aerospace Technologies.
“Together with CAES, we will continue to set the standard for excellence in the industry and deliver specialized solutions that will keep our customers at the forefront of innovation,” added Currier.
The acquisition marks Honeywell’s fourth transaction as part of its capital deployment strategy and effort to align its portfolio to three trends: automation, the future of aviation and energy transition.
Brad Westphal as Honeywell EDS President
In a LinkedIn post published Wednesday, Westphal announced that CAES became part of Honeywell as electromagnetic defensive solutions and his appointment as head of EDS.
He said the acquisition strengthens Honeywell Aerospace Technologies’ reach and capabilities and reflects the company’s commitment to innovation and delivering value to customers.
“For over 75 years, CAES has been a leader in advanced electronics and RF technologies. Now, with Honeywell’s global strength behind us, we’re positioned to set new standards in defense and space,” Westphal noted.
The newly appointed head of EDS most recently served as vice president of Honeywell’s defense and space business unit.
He has been with Honeywell for over two decades and held leadership roles, including senior director for unmanned aerial vehicles and senior business development leader.
Westphal previously served on the board of directors of AirSpace Minnesota and as an electrical design engineer at Cyberoptics.
