Honeywell (NYSE: HON) has purchased Ballard Unmanned Systems for an undisclosed sum as part of efforts to expand its portfolio of unmanned aerial systems and urban air mobility platforms.

Honeywell (NYSE: HON) has purchased Rocky Research in a deal of an undisclosed sum that adds thermal, energy and power management platforms to the Charlotte, North Carolina-based industrial conglomerate's aerospace segment.

Honeywell (NYSE: HON) has created a business unit focused on unmanned aerial systems in a move to expand the company’s urban air mobility technology portfolio.

Mike Madsen, former vice president of integrated supply chain operations at Honeywell's (NYSE: HON) aerospace business, has been promoted to president and CEO of the unit. He succeeds Tim Mahoney, a 2016 Wash100 Award recipient.

AECOM has entered into a definitive agreement to sell its management services business to affiliates of American Securities and Lindsay Goldberg for $2.4 billion, the company announced on Monday. The transaction has been unanimously approved by the company’s board of directors and is subject to customary closing conditions and regulatory …