|Bid||16.02 x 1400|
|Ask||16.58 x 1100|
|Day's Range||16.79 - 17.50|
|52 Week Range||5.10 - 21.61|
|Beta (5Y Monthly)||1.78|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.87|
Honeywell's (HON) acquisition of Ballard Unmanned Systems is anticipated to enhance its product offerings in the unmanned aerial systems space. It will be part of Honeywell's Aerospace segment.
Canadian fuel cell pioneer Ballard Power Systems (NASDAQ: BLDP) is getting out of the drones business. Admittedly, Ballard Power is much better known for building zero emission proton exchange membrane fuel cell systems to power electric forklifts and buses (and cars, trucks, trains, and boats too). In a press release this morning, Ballard announced that industrial giant Honeywell (NYSE: HON) has purchased all of the "business assets" of Ballard's "UAV subsidiary" for a price that Ballard declined to disclose.
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that it has sold the Unmanned Aerial Vehicle (UAV) business assets of its subsidiary located in Southborough, Massachusetts to Honeywell International ("Honeywell"; www.honeywell.com).