Honeywell and Lockheed Martin, a global security and aerospace company, signed a Memorandum of Understanding (MOU) at the recently in Brno, Czech Republic. The agreement outlines collaboration to identify growth opportunities in the Czech Republic, marking an important expansion milestone for Honeywell on the F-35 Lightning II platform.
The agreement provides Honeywell the opportunity to participate in development projects in the Czech Republic using high-end manufacturing technologies to create growth in country and regionally. The agreement outlines the intention for work to be performed out of Honeywell Aerospace’s operations in Olomouc, Czech Republic, extending advancements in aerospace technology, mentorship of small, medium enterprises, and participation with local universities.
The intent is to provide localization of support which reduces turnaround time, lowers the spares pool, provides operational flexibility and increased aircraft availability, while also providing access to new technological jobs and local investment to the country.