Honeywell Aerospace has agreed to sell its Consumables Solutions business to B/E Aerospace for $1.05 billion, consisting of at least $800 million in cash and the remainder in shares of B/E common stock. Consumables Solutions is a global distributor of aerospace fasteners and hardware, and provides custom logistics services to OEMs, airlines, repair shops, flight service centers, and distributors. Just prior to this announcement, Honeywell signed an agreement to acquire Intelligent Automation Corp. (IAC), a supplier of helicopter onboard diagnostic systems used in military and commercial aircraft. IAC, headquartered in Poway, CA, also serves fixed-wing, UAV, and ground vehicles with health and usage monitoring systems.
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