Honeywell is letting defense and space die out. This is intentional. Once the cow is dry, they will sell product lines and plants. The future is connected and services. The steps to transfer defense technology to commercial has started.
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Yep, DC and the wrecking crew have created a giant piece of p--p which will now be discarded & flushed down the Wall St. toilet.
Most interesting, is the only real value is has it to be chopped up into Wall St. piranha food. Nobody really knows how much it really costs to operate the Aero division because for years they've been clinching it by the neck so they've created a non-functional host body with no real brain activity (ALT).
Hide and watch.
OP deserves an apology from Mr. Wise Guy.
2 days ago;
"Dear OP,
Congrats for posting the dumbest post on the planet."
Today: oh, they are considering selling aero. Mmmmmm....
It is going to p--p it out.
Uh, Honeywell is DIGESTING Aerospace.
Honeywell is divesting Aerospace.
The issue is process and product knowledge. Lots of people all over the globe work hard. But dumping work on people thousands of miles away with no training causes mistakes. How can they know how to do things or get product knowledge? That was my experience, fixing issues caused by lack of knowlegde of people in India, PR, mex, etc. I was laid off a year ago and one person I met in out placement was a exec working for Aero President. All levels are affected and agree it has more to do with luck than how hard u work.
I worked hard for many years and for what? Right now the only thing I work hard for is finding a new job. Working hard here does not translate into any form of progression for yourself. Only for the executives. We have been rewarded with constant benefit cuts, furloughs and layoffs.
Not cutting down the people of Puerto Rico at all, but leave it to an evil company like Honeywell to exploit a bad economic meltdown situation to get cheap labor that works harder. It may work for awhile, but it's only a matter of time that they also will get tired of being exploited & screwed at every opportunity, and will stop working as hard, or as many free hours.
It shouldn't be any surprise that if you treat your employees poorly, they will eventually rebel.
BTW I personally didn't know a single Honeywell employee that I worked with in recent years that didn't work their butts off, and for what? Fight back against working free overtime. You're just enabling/encouraging them. If everyone rebels, they will have to give in, sometime. So what if they close down your U.S. facility? THEY WERE GOING TO DO IT ANYWAY!
All you have to do is look at all Aerospace Prospcetive videos to see the shift. When we talk about defense, we are discussing other countrie's military. It is all about short term sales and making money now so keep the stock high. The US government takes too long for Honeywell and it does not fit the revenue model for Honeywell. The profit margins are not greater than 20% and when it comes to the bottom line, Honeywell has no allegiance to any country other than Wall Street. So is defense and space going away? Probably for the US only. Those engineers just make too much money and ask for too benefits that are expensive. Engineers in other counties have a higher yield and cost much less. Most of the US work will move to Purto Rico over the next few years. They cost 1/2 the mainland engineers and work 10X harder than the US engineers. It is simple math.
www.cobham.com/careers
Hiring in a lot of areas for different positions for Aerospace/Defense.
Jobs.raytheon.com
You're welcome. They're hiring over 2000 engineers.
Working at an HW Aerospace Space & Defense site, I can tell you that HOS and defense does not mesh. too well. Defense budget are based on spend it so we can have some next year, whereas Honeywell is trying to a save a buck or two through HOS.
Honeywell probably wants less defense work because foreigners are "not allowed" to work on it and it's hard to off-shore. That doesn't fit the business model. FMS allows more flexibility for such joint-development projects and I know, because I've worked on such situations at other companies. Plus it opens new markets to crappy products like the NGFMS, which most American companies won't touch.
ALL U.S. Honeywell employees, whether in defense or commercial, should have your resume updated and you should all be updating your skills any way you can. You may find your skill-set from Honeywell is outdated in the current job market unless you just happen to live in areas where there are other companies you can go to.
I have heard the DoD footprint is larger than Honeywell wants. They are cutting exposure to DoD by 50% and transfefing it to foreign military sales. You go where the money is.
Interesting discussion and curious assessment. I do agree, Aero had neglected and grossly missmanaged the DoD end customer products lines. Mostly due to being a cash cow and easy revenue for Honeywell; however, divesting from all DoD products seems bold and perhaps impossible. Honeywell will have to move all DoD products to a few plants and start enacting an independent management structure for defense. That will ensure a clear boundary between commercial and Defense programs. It happens to HTSI, it is not outside the realm of possibilities for Honeywell to divest of area not yielding high ROIs. I am not sure the level of Honeywell investment towards DoD pursuits at this time, but once they stop growing, then they are dying. It all comes down to investing in the areas you want to nurture - I don't work for defense so I can't speak for them.
Dear OP,
Congrats for posting the dumbest post on the planet.
Maybe you just lost your job. If not, hopefully you will. You may want to explain your logic as to how critical space and defense programs, being designed and built to protect our country, are somehow going to be "transferred" to other companies that have had zero interest in HI so far.
Jeezus H. Krist...the moronic intellect on this thread is disturbing.
Please provide a source for this rumor. Otherwise it's a worthless statement. It can be demonstrated that Honeywell's revenue produced from D&S has shrunk by a greater percentage than US defense spending. That does not necessarily mean Honeywell is getting out of the business. Could mean Honeywell is managing it poorly. In my view as far as electronics go, Honeywell has done poorly in winning new defense contracts. Not currently on any advance military aircraft platforms. Relying mainly on retrofits and upgrades.
In related news, water is wet and the Pope is Catholic. This has been pretty obvious for a while now.
So long Clearwater, Norcross and Glendale, hope you enjoyed the ride with Diggy.
I wonder how all those managers and supervisors in Torrance will like their new employer.......if they last.
Also, if you work for commercial aviation within HON AERO, layoffs coming courtesy of Dairyass/Dave.