Honeywell Inaugurates Research & Tech Center in Moca
SAN JUAN — With a more than $40 million investment, Honeywell inaugurated Tuesday its new Research & Technology Center in Moca, as Puerto Rico continues to bet on the development of an aerospace industry cluster centered on the island’s northwest region.
“The development of the aerospace industry in Puerto Rico has been one of my administration’s main economic development goals, and today Honeywell is part of this achievement,” said Gov. Alejandro García Padilla, who participated in the opening ceremony, along with Honeywell Aerospace’s CEO & president, Tim Mahoney.
The company joins Lufthansa Technik at the forefront of government efforts to generate new research & development opportunities, investment, infrastructure and high-paying jobs within the aerospace industry, according to a statement released by La Fortaleza. Honeywell’s new, high-tech lab is expected to create about 330 new jobs, and would work closely with local universities to develop local talent within this industry.
The 69,000-square-foot facility, which belongs to the Puerto Rico Industrial Development Co., will house testing of the effects of electromagnetic induction, radiation, rays and environmental changes on commercial, military and space equipment used in the aerospace industry.
With the recent expansion of Honeywell and Lufthansa’s operations on the island, “Puerto Rico takes a leading position, becoming a key player in the Western Hemisphere,” García Padilla said. “The establishment of these companies in Puerto Rico paves the way for the commonwealth to insert itself as an important participant in the global economy.”