HONEYWELL INTERNATIONAL INC acquired Electro-Radiation Incorporated (ERI), a transaction completed in October 2004, structured as Asset/technology acquisition (technology, intellectual property, customer lists and contracts).
Electro-Radiation Incorporated (ERI) operates in Aerospace (Defense & Space), is based in United States (Fairfield, New Jersey). Electro-Radiation Incorporated (ERI), based in Fairfield, New Jersey, developed anti-jam (interference-suppression) technology for GPS and other navigation applications. Honeywell acquired ERI's technology, related intellectual property, customer lists and existing contracts to strengthen the anti-jam capabilities of its embedded GPS/INS navigation products for military and aerospace platforms.
Adds GPS anti-jam / interference-suppression technology to Honeywell's INS/GPS navigation systems for aircraft, UAVs, missiles and ground/surface vehicles.
Advisory firms were not disclosed for this transaction.