[We have] reached an agreement in principle … resolving the Department’s
antitrust concerns with the companies’ proposed $42b merger. The merger as
originally proposed would have substantially lessened competition in the
production of U.S. military helicopter engines and in the provision of heavy
maintenance, repair and overhaul (MRO) services for certain Honeywell aircraft
engines and auxiliary power units (APUs). The Department is requiring the
companies to divest Honeywell’s helicopter engine business and to authorize a
new third-party MRO service provider for certain models of Honeywell aircraft engines and APUs.