Bendix/King, a major avionics supplier, will establish its headquarters and manufacturing facility in Albuquerque, New Mexico, a move expected to create up to 140 new jobs in the southwest.
Bendix/King is a division of Honeywell Aerospace, which is already a major employer in New Mexico. Plans are to locate the new Bendix/King headquarters onsite at the existing Honeywell Aerospace Albuquerque facility on 9201 San Mateo Drive.
"Albuquerque provides a compelling opportunity for Bendix/King to create a stand-alone headquarters in a city and state focused on supporting the growth and development of the
aerospace industry," said Kevin Gould, president, Bendix/King. "With a growing talent base of aerospace professionals, compelling incentives and a better weather environment for year-round flight testing, we're well positioned to leverage our proud legacy of innovative flight system technologies to meet the needs of the next generation of general aviation aircraft pilots."
With the move, Bendix/King will concentrate on developing and delivering a broad range of innovative panel-mount avionics and accessories to help improve pilots' flying experience and safety. Additionally, while it will operate autonomously to better serve the consumer market, the company will have access to intellectual property and financial resources of Honeywell Aerospace.
While incentives terms are still being finalized, a spokesman for Governor Susana Martinez's office said state economic development officials discussed various incentives to encourage growth and hiring, such as the state's High Wage Tax Credit and Job Training Incentive Program. The state also recently lowered taxes on some raw materials to attract industry. The City of Albuquerque and Albuquerque Economic Development is also working with Honeywell and Bendix/King on its own incentive package.
"I appreciate the investment that Honeywell Aerospace has made in New Mexico, and as it expands, I'm proud that we're now welcoming Bendix/King to our state," said Governor Martinez. "We are working to make New Mexico a friendlier place to do business, and by doing so, we can create jobs and compete for the growth and investment of companies across the country."