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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,

“We determined that HTSI did not align to our current portfolio and long-term strategic plans in Aerospace,” says Honeywell CEO David Cote. Honeywell also recently announced plans to spinoff its resins business.

Hacking threats have increased, fueling demand for cybersecurity firms. AEI-backed Belcan bought Intercom; Delta Risk acquired security consultant Allied InfoSecurity. The PE arm of ex-Homeland Security Secretary Michael Chertoff's Chertoff Group owns a majority stake in Delta Risk. Thoma Bravo has plans to add health care cybersecurity provider Imprivata and FireEye Inc. (Nasdaq: FEYE) bought competitor iSight Partners.Cravath Swaine & Moore LLP is representing Honeywell. Hogan Lovells is representing KBR.

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