Honeywell Buying Satcom1

Honeywell plans to buy Satcom1 in a bid to expand its European presence and its aeronautical satellite services business, it said Monday. Honeywell didn't announce terms and said in a news release Monday it expects to complete the deal by year's end. Satcom1 specializes in on-board communications routing software and airtime and consulting services. It's a distributor of Honeywell's JetWave terminals and Inmarsat's GX Aviation program.