Honeywell Aerospace Plans New $500 Million Tempe Factory That Is Expected to Create About 600 Jobs

Honeywell Aerospace plans to invest $500 million in a new 300,000-square-foot manufacturing plant in Tempe, Arizona. The facility will focus on advanced aerospace technologies, create 600 permanent jobs, and support $15 billion in new Control Systems programs. The plant is expected to open in approximately two years, according to the company.

Honeywell Aerospace (HONA) shares rose 5.4% on October 28, 2026, outpacing the S&P 500. The company reported Q3 earnings of $2.21 per share, beating estimates of $1.87, and revenue of $4.64B, exceeding expectations of $4.57B. Management raised its 2026 EPS forecast to $7.85-$8 and declared a $0.40 quarterly dividend. The stock remains below its peak since its June 2026 listing.

Honeywell Aerospace (HONA) announced a $500 million, 300,000-square-foot manufacturing facility in Tempe, Arizona, to meet growing demand in commercial aviation and defense. The facility, opening in late 2028, will support $15 billion in new program wins and create 600 jobs, enhancing supply chain resilience and vertical integration. According to the company, this investment aims to unlock long-term growth for shareholders and support critical defense technologies.

Honeywell Aerospace (HONA) shares fell 10.5% despite Q3 earnings beat. The company reported $2.21 EPS on $4.6B+ revenue, exceeding expectations of $1.86 EPS and $4.6B revenue. Sales grew 2% YoY, and net profit rose 1%. CEO Jim Currier noted sequential and YoY growth in sales and adjusted EBIT. The stock drop may reflect slower growth in larger divisions and a premium valuation at 20x free cash flow.

Honeywell Aerospace (HON) shares fell 11% despite Q3 earnings beat, citing supply constraints. Adjusted EPS was $2.21, topping estimates, but organic sales growth remained at 2%. The company maintained its 2026 outlook, with bottlenecks affecting GE Aerospace (GE) and RBC Bearings (RBC).

Honeywell Aerospace (HONA) announced a $0.40 quarterly dividend, raised 2026 EPS guidance to $7.85-$8.00, and increased free cash flow outlook to $1.2B-$1.4B. The company addressed supply constraints, with plans to boost supplier output and insourcing. Sales grew in commercial and defense sectors, with $20B in customer wins. HONA expects output growth in 2027 but cautioned about margin expansion timing.