Honeywell announces $84m expansion in Olathe, Kansas, creating 156 new jobs in aerospace sector

TAGS

In a significant boost to Kansas’ aerospace and manufacturing sector, Governor Laura Kelly announced that Honeywell will invest $84 million to expand its aerospace manufacturing facility in Olathe, promising the creation of 156 new jobs. This strategic investment is poised to generate nearly $47 million in total gross domestic product (GDP) and contribute $18.3 million in state and local taxes over the first six years of operation.

The expansion will transform the 560,000-square-foot facility into one of Honeywell’s most advanced aerospace manufacturing sites. Currently, the facility is pivotal in producing components critical to Honeywell’s avionics, safety, and flight control systems, including technology for traffic collision avoidance, radar altimeters, and weather radar systems.

Governor Laura Kelly highlighted the expansion as evidence of Kansas’ workforce readiness to tackle high-tech challenges, emphasizing the state’s capacity to retain young talent through promising career opportunities. Honeywell Aerospace Technologies President and CEO, Jim Currier, noted that the expansion would fortify a resilient domestic supply chain for next-generation avionics and printed circuit board assemblies, underscoring Honeywell’s confidence in the U.S. economy and its skilled labor force.

Honeywell to invest $84 million in expanding its Olathe, Kansas aerospace manufacturing facility

Honeywell to invest $84 million in expanding its Olathe, Kansas aerospace manufacturing facility

The project is expected to have a ripple effect on the Kansas economy, supporting over 200 additional jobs in various sectors and generating significant economic benefits during both the construction phase and ongoing operations. U.S. Senator Jerry Moran and U.S. Representative Sharice Davids (KS-03) praised the expansion for its potential to strengthen the U.S. aviation industrial base and for contributing to the region’s historical manufacturing prowess, particularly in aviation.

See also  Alliant Insurance Services acquires insurance brokerage Degginger McIntosh

Lieutenant Governor and Secretary of Commerce David Toland sees the expansion as aligned with the Kelly-Toland Administration’s vision for advancing the state’s aerospace and advanced manufacturing sectors. Honeywell’s investment not only underscores the company’s commitment to innovation but also promises substantial economic and technological advancements for the region and state.

See also  Acelen Renewables adopts Honeywell's Ecofining for sustainable aviation fuel in Brazil

Honeywell Aerospace Technologies is integral to the global aviation industry, providing a vast array of products and services found on nearly every commercial, defense, and space aircraft. This expansion marks a significant milestone in ensuring the continued growth and success of Kansas’ aerospace and manufacturing capabilities, setting a precedent for future developments in the sector.

See also  Union Bank of India wraps up IT integration of Andhra Bank

Honeywell’s investment in its Olathe facility is a testament to the strength and potential of Kansas’ aerospace sector. This expansion not only signifies growth in high-tech manufacturing jobs but also highlights the strategic importance of developing a robust domestic supply chain for aviation technologies. As Honeywell enhances its manufacturing capabilities, it contributes to the broader economic health of Kansas, showcasing the state as a leading hub for aerospace innovation and employment.


Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.

CATEGORIES
TAGS
Share This