Honeywell Aerospace To Establish Production Facility In Moca, Puerto Rico
“This is an exciting time for Honeywell Aerospace and our employees,” said Tim Mahoney, President/CEO of Honeywell Aerospace. “Honeywell’s investment in the new lab will help us continue to design products that meet the increasingly complex needs of today’s aircraft. It is clear that Puerto Rico is becoming an important part of the aerospace industry.”
This will be Honeywell’s second Aerospace site in Puerto Rico, complementing its facility in Aguadilla. The planned new lab will support the firm’s global aerospace and defense operation in the areas of app and software development and aeronautics engineering design. Honeywell’s investment in construction, equipment and training is estimated at $35 million. The company expects its facility will be operational by third quarter of 2015.
“Honeywell’s expansion will create high-quality jobs for the western region of Puerto Rico, as well as new infrastructure that will secure Puerto Rico at the forefront of the aerospace and engineering segments. But the implications of this announcement are more profound. The expansion of Honeywell Aerospace represents an important achievement for our economic development strategy that seeks to diversify Puerto Rico’s industrial base”, said Governor Alejandro García Padilla.
As an incentive Puerto Rico Industrial Development Company will provide incentives for job creation, infrastructure and lease. “We are thrilled with the results that the aerospace cluster strategy is driving to Puerto Rico in terms of economic development and growth”, added Antonio Medina Comas, Executive Director of PRIDCO.
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