×

Honeywell to deploy $10 billion for M&A over 5 years

Honeywell International Chairman and CEO David Cote reaffirmed the company's first quarter and full-year 2014 outlook—in a CNBC interview Wednesday, ahead of the company's investor conference.

"We're still up about 10 percent in earnings; about 3 percent or 4 percent in sales. So [we're] getting a very good leverage," Cote said on "Squawk Box."

He also said the diversified aerospace and technology is targeting double-digit earnings growth over the next five years, while hoping to deploy more than $10 billion in that time frame.

The money would be used for acquisitions, Honeywell said in a statement.

(Read more: Honeywell targets over $50B sales by 2018, M&A ramp-up)

By CNBC's Matthew J. Belvedere. Follow him on Twitter @Matt_SquawkCNBC . Reuters contributed to this story.

Sign Up for Our Newsletter Morning Squawk

CNBC's before the bell news roundup
Get this delivered to your inbox, and more info about about our products and services.
By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.