The Honeywell unit distributes aerospace fasteners and hardware, and provides custom logistics services to original equipment manufacturers, airlines, repair shops, flight service centers and distributors. The business generated 2007 revenue of $524 million.
B/E Aerospace Inc. is based in Wellington, Fla., and says it expects to enter a 30-year contract to become Honeywell's exclusive licensee in this area.
----AP Business Writer Jennifer Malloy in New York
