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Honeywell Gets More Defensive, Buys IAC

Honeywell International Inc. said June 3 that it has signed a definitive agreement to purchase Intelligent Automation Corp. for an undisclosed price. IAC is a Poway-based supplier of diagnostic systems used in military and commercial aircraft.

New Jersey-based Honeywell says that the move will help the company expand its Phoenix-based defense and space electronic systems unit.

Honeywell International is a $37 billion diversified technology and manufacturing company. The company’s stock trades under the symbol HON on the New York Stock Exchange.

, Liz Wiedemann

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