Announced
Financials
Tags
autopilot
Acquisition
aircraft components
United States
Pending
Software
Majority
Private
aircraft system
Natural
Single Bidder
Synopsis
Honeywell, a technology company that delivers industry-specific solutions has acquired privately-held TruTrak Flight Systems, a leader in autopilots for experimental, light-sport and certified aircraft. Financial terms were not disclosed. The acquisition will become part of Honeywell's BendixKing business, helping to deliver affordable technologies to the experimental and general aviation markets. This market has grown by double digits over the past five years. "Honeywell and BendixKing's capabilities in the aerospace industry will accelerate the continued development of the products TruTrak has built from the ground up" Andrew Barker Chief Executive Officer of TruTrak.
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