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Business/Financial

Honeywell To Sell Government Services Unit To KBR

By Marc Selinger

Friday, August 12th, 2016

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Honeywell To Sell Government Services Unit To KBR

Stuart Bradie, president and CEO of Houston-based KBR, Inc. Photo: KBR

Honeywell [HON] announced Aug. 12 that it has reached an agreement to sell government services provider Honeywell Technology Solutions Inc. (HTSI) to KBR [KBR] for about $300 million.HTSI, which has about 3,550 employees and $600 million in annual revenue, provides satellite mission lifecycle services, military equipment prepositioning and logistics services, and cyber and physical security. Its customers are mainly U.S. government agencies, including the Department of Defense, the Intelligence community and NASA.HTSI, a Honeywell Aerospace subsidiary based in Columbia, Md., “did…

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