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Honeywell open to acquiring more companies in Europe, Bloomberg says
Honeywell open to acquiring more companies in Europe, Bloomberg says

Business Insider

time13 hours ago

  • Business
  • Business Insider

Honeywell open to acquiring more companies in Europe, Bloomberg says

Honeywell (HON) is open to acquiring more companies in Europe as it looks to increase its portfolio, Kate Duffy of Bloomberg reports. 'We're open across the board where those things fit,' Chief Commercial and Strategy Officer Ben Driggs said in an interview, according to Bloomberg. 'There is absolutely growth in defense that we want to take advantage of.' Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

BAE Ready to Lift Capex Beyond £1 Billion to Meet Defense Boom
BAE Ready to Lift Capex Beyond £1 Billion to Meet Defense Boom

Bloomberg

time26-03-2025

  • Business
  • Bloomberg

BAE Ready to Lift Capex Beyond £1 Billion to Meet Defense Boom

By and Kate Duffy Save BAE Systems Plc is ready to step up capital investment beyond the current £1 billion ($1.3 billion) annual level, as the UK's biggest military contractor prepares for a 'super-cycle' in European defense spending, according to Chief Financial Officer Bradley Greve. 'We're spending at record levels already,' Greve said in an interview with Bloomberg Television's Tom Mackenzie. 'We need to see the government spending plans, and they are plans right now, convert to actual orders. Once those orders come in we are ready to build a capacity to deliver those.'

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