Jun 7 1999
From The Space Library
AlliedSignal Inc. agreed to acquire Honeywell Inc., in a stock deal worth US$13.8 billion. Aerospace business, with revenues totaling about 40 percent of the enterprise, was the centerpiece of the agreement, in which AlliedSignal added Honeywell's business in cockpit electronics (avionics) and global-positioning equipment to its own market in aircraft engines and collision-avoidance systems. An analyst with Frost and Sullivan, a California-based, market-research firm, remarked that the merger put the combined company ahead of Rockwell Collins as "the no. 1 player in avionics." The new company would retain the name of Honeywell and maintain its headquarters at AlliedSignal's base in New Jersey.
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