HONEYWELL TO SELL OWN TCAS LINE TO L-3, KEEP ALLIEDSIGNAL UNIT
Honeywell, under orders from the Department of Justice, signed a deal to sell its traffic alert and collision avoidance system (TCAS) business to L-3 Communications for about $255 million in cash, but will retain the TCAS product line developed by the former AlliedSignal. Honeywell agreed to sell...
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