Honeywell to Shut Avionics Plant

Honeywell said it plans to shut down its avionics manufacturing facility in Teterboro, N.J., and plans to sell the company to a real-estate development company. The 68-year-old manufacturing plant, which makes flight control equipment and cockpit displays for combat aircraft, will be sold to Denver-based Catellus Development Group. The plant also does engineering design, testing and assembly of products, and service work on aircraft electronics. Manufacturing work at the plant will be transferred to a manufacturing facility in Albuquerque, N.M., while the engineering and office workers will be transferred to the company’s headquarters in Morris Township, N.J.