Honeywell Aerospace announces $500 M new manufacturing plant in Tempe, Arizona
Honeywell Aerospace said it will build a new 300,000‑square‑foot manufacturing facility in Tempe, Arizona, at a cost of $500 million. The plant is slated to open in late 2028 and will create about 600 permanent jobs while supporting more than 1,000 construction jobs. It will add internal complex‑machining capability and a digital production system to serve both commercial aviation and defense programs. The company said the investment is intended to unlock long‑term growth for shareholders and bolster supply‑chain resilience.
Why it matters
The $500 million capex and added capacity are expected to support $15 billion of new program wins, which could lift future revenue streams (company statement,). The job creation and supply‑chain integration may improve the firm’s competitive position in aerospace and defense markets (company statement,).
Key facts
- 1The investment totals $500 million. prnewswire.com
- 2The facility will cover 300,000 square feet. prnewswire.com
- 3Opening is planned for late 2028. prnewswire.com
- 4Approximately 600 permanent jobs will be created. prnewswire.com
- 5Construction will support more than 1,000 local jobs. prnewswire.com
- 6The plant will support $15 billion in new program wins. prnewswire.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.