Honeywell (HON) - Get Free Report , an American multinational conglomerate providing engineering services and aerospace systems, will move its global retail headquarters to Westwood, Mass., Boston Business Journal reports.
The firm is moving its headquarters from Rhode Island because it is said to be seeking a tax break from Massachusettes.
Honeywell's decision comes after United Technologies Corp. (UTX) - Get Free Report is acquiring Rockwell Collins Inc. (COL) in a $23 billion deal that will be the largest ever in the aerospace industry when it closes.
Early last year Honeywell made a $90 billion hostile takeover offer for United Technologies.
Shares of Honeywell were falling in the final hour of trading on Thursday.
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