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Honeywell Diversifies In Preparation For DoD Launch Business Changes

Tuesday, November 10th, 2015

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Honeywell [HON] is growing its commercial and international space business to offset future changes in the military launch business.Honeywell Vice President of Space Systems Kurt Meister said Monday the company’s international portfolio has grown from a few million dollars about five years ago to nearly $50 million or $60 million today. Meister expects this portfolio to grow to about $100 million yearly in the next four or five years.Honeywell is moving mostly to Europe in its international expansion, Meister said,…

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