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Honeywell sells tech solutions arm to KBR

Aug 12, 2016 - The Deal Pipeline

Honeywell International Inc. (HON) said Friday that it will sell its government services-focused subsidiary, Honeywell Technology Solutions Inc., to Houston engineering and construction services firm KBR Inc. (KBR) for $300 million. 

The deal comes after continued speculation in recent months surrounding what appears to be http://pipeline.thedeal.com/article/13670116/index.dl|an overhaul of the Morris Plains, N.J.-based company's portfolio following its botched merger attemp...