Honeywell charts aggressive acquisition spree
Honeywell’s $10 billion aerospace division plans to expand its holdings over the next several quarters through a series of targeted acquisitions in the U.S

Honeywell’s $10 billion aerospace division plans to expand its holdings over the next several quarters through a series of targeted acquisitions in the U.S. and abroad, according to Bob Johnson, president and CEO of Phoenix-based Honeywell Aerospace.

Those who have followed Honeywell since its 1999 merger with AlliedSignal will recall that Johnson outlined a similar strategy last summer, only to see the company’s acquisition plans put on hold in the wake of General Electric’s bid to buy Honeywell for $45 billion last October. For the decision-makers within Honeywell who for nine months watched from the sidelines as GE battled European regulators in an unsuccessful attempt to buy the company, however, not only does life go on after that failed merger, in many ways it’s as though the company has shed a set of cumbersome shackles.