KBR inc. to acquire Honeywell inc. for $266 million

KBR, Inc. announced it has entered into a definitive agreement to acquire Honeywell Technology Solutions, Inc. (HTSI), a leading professional, technical and mission support services organization providing an array of mission-critical services and customized solutions throughout the world primarily to U.S. government agencies. "This acquisition is in-line with our previously announced strategy to expand our government service offerings into higher end technical services that tend to carry increased margins and reduced levels of risk," said Stuart Bradie, President and CEO of KBR, Inc. HTSI is headquartered in Columbia, MD and has approximately 3,550 employees operating primarily in the U.S., the Middle East and Asia. Through its three business lines—Space, Mission…