Honeywell Aerospace Expanding In Puerto Rico
SAN JUAN, Puerto Rico (AP) -- Honeywell Aerospace is investing $24 million to expand its business in the U.S. territory of Puerto Rico.
Gov. Alejandro Garcia Padilla says the Arizona-based aerospace industry company is opening a second plant that will begin operations in April 2016. He said Wednesday that 310 jobs will be created.
The plant will be based in the northwest town of Moca and will serve as a laboratory to support application and software development and aeronautics engineering design.
Honeywell Aerospace opened its first Puerto Rico plant in 2007.
The announcement comes as Puerto Rico seeks to diversify its economy and strengthen its industrial sector. The island is entering its eighth year of recession and battling $70 billion in public debt.