Honeywell International Inc. (NYSE: HON) has agreed to sell Honeywell Technology Solutions Inc. to KBR Inc. (NYSE: KBR) for about $300 million. The move is part of Honeywell’s plan to trim its portfolio of non-core assets.
HTSI, located in Columbia, Maryland, provides space mission support and cybersecurity services for government agencies. The target’s clients include the U.S. Department of Defense and NASA and has about $600 million in annual revenue. KBR is a Houston-based engineering and consulting firm that mostly serves the government sector,