Garrett AI Research - Mergers

Mergers

To avoid a hostile takeover of Garrett's assets by Curtiss-Wright following Cliff Garrett's death in 1963, Garrett Corporation merged with Signal Oil and Gas Company in 1964. In 1968, the combined company adopted The Signal Companies as its corporate name. In 1985, Signal merged with Allied Corp., becoming Allied-Signal. The company acquired Honeywell Aerospace in 1999. Although AlliedSignal was much larger than Honeywell, it was decided to adopt the Honeywell name because of its greater public recognition.

Part of the original Garrett AiResearch became known as the Garrett Turbine Engine Company from 1979, and became the Garrett Engine Division of AlliedSignal in 1985. In 1994, AlliedSignal acquired the Lycoming Turbine Engine Division of Textron, merging it with Garrett Engine to become the AlliedSignal Engines Division of AlliedSignal Aerospace Company.

The Garrett Aviation Division ("Garrett Aviation"), which mainly services aircraft, was sold to General Electric in 1997 and later renamed Landmark Aviation after a 2004 merger. It became StandardAero after a further merger in 2007 and it was owned by Dubai Aerospace Enterprise, but subsequently purchased by another owner.