# Honeywell Aerospace plans $500 million plant to add internal complex machining The Arizona investment addresses an area the company calls constrained, with the plant expected to open in late 2028. Published 2026-10-29 by TGOs. Canonical: https://tgos.io/news/2026/10/29/honeywell-aerospace-plans-500-million-plant-to-add-internal/ Honeywell Aerospace announced plans Oct. 28 for a $500 million manufacturing facility in Tempe, Arizona, that would add internal complex machining capability.[3] The 300,000-square-foot plant is expected to open in late 2028.[3] The investment targets an area of the supply base the company identifies as constrained.[3] Honeywell Aerospace says a small number of mechanical suppliers are limiting output growth, while trailing twelve-month orders rose 9%, led by Defense and Space.[1] **Also announced** Third-quarter sales reached $4.6 billion, up 2% year over year on both reported and organic bases.[1] Honeywell Aerospace maintained its full-year organic sales outlook.[1] Quarterly free cash flow was $500 million under the company's definition, which excludes Flexjet-related litigation settlement payments.[1] The board declared its first quarterly cash dividend of $0.40 per share.[2] It is payable Dec. 4, 2026, to shareholders of record at the close of business Nov. 13, 2026.[2] ## Why it matters The company expects the expansion to add capacity for priority production of defense technologies covered by its March supplier framework agreement with the Department of War.[3] ## Sources 1. Honeywell Aerospace reports third quarter results; updates 2026 outlook, corrected Oct. 28, 2026 2. Honeywell Aerospace declares first quarterly cash dividend, Oct. 28, 2026 3. Honeywell Aerospace to build new manufacturing facility in Arizona, Oct. 28, 2026