News
Honeywell to expand in PEI

Sept. 25, 2008, Charlottetown, P.E.I – Honeywell is adding 12 new positions at its facility at Slemon Park, P.E.I.

Richard Brown, Minister of Innovation and Advanced Learning, welcomed
news of the expansion and said aerospace is one of the key sectors in
the Government of Prince Edward Island’s new economic development
strategy, Island Prosperity: A Focus For Change.

“The expansion at Honeywell sends a strong signal that Prince Edward
Island’s aerospace industry is thriving within a competitive global
marketplace,” said Minister Brown. “As one of the fastest growing
industries in the province, aerospace employs a significant number of
people leading to millions of dollars in economic spinoffs for the
provincial economy. This emerging sector shows how companies can
partner with government toward a common goal of moving our economy
forward.”

Prince Edward Island is home to Honeywell’s Centre of Excellence for
Fuel Controls Repair and Overhaul for North America. The facility at
Slemon Park, near Summerside, currently employs approximately 100
people. The company is eligible to apply for existing labour rebate
programs through PEI Business Development Inc.

Minister Brown added that as a result of recent changes to the
Department of Innovation and Advanced Learning, government is able to
work closely with industry leaders and post secondary schools to
prepare for the challenges and opportunities within our growing economy.

“Prince Edward Island employees are capable of meeting the demands in
innovative sectors such as aerospace,” he said. “Furthermore, our
Government is committed to developing programs and services to ensure
companies have access to a dedicated and highly skilled labour force.
The Island’s labour force is also a key selling feature when attracting
new companies to the province.”

Aerospace is quickly becoming one of Prince Edward Island’s
fastest-growing industries providing a diverse range of equipment
repair, electronics, interiors and engineering services to clients
around the world. The industry employs approximately 850 skilled
workers and accounts for 25% of international exports for the province.
PEI aerospace companies have annual sales of approximately $287 million.