Honeywell International announced Tuesday that it will be shutting down its avionic products plant in Teterboro, N.J., and selling the facility to Catellus Development Corp.
The majority of the 425 workers at the plant, who were non-manufacturing employees, will be transitioned to Honeywell's corporate headquarters in Morris Township, N.J. within the next 12 to 24 months, according to Jim O'Leary, a Honeywell spokesperson.
Pending decisions to be made on the sale and with the UAW, O'Leary said that no decision has yet been made as to the outcome of the manufacturing jobs.
O'Leary said that Honeywell decided to sell the plant after deciding that the company could better serve customer needs by transitioning operations to other facilities.
The Teterboro plant produced flight controls, ruggedized displays and automated test equipment for the military. This workload will move to a Honeywell facility in Albuquerque, N.M.
Catellus confirmed that they have an agreement to buy the Teterboro property from Honeywell but declined further comment.