Pros
Honeywell makes a wide range of significant components for everything that flies. The technical challenges can be very interesting and some of Honeywell's solutions are unique and successful.
Cons
Recent executive changes foretell major strategic changes in many of the company's product lines. The company has 25,000 engineers, scientists, and technicians, 60% of whom don't write software. It's unlikely that a company that constantly reminds it's employees that it is a software company is going to keep those smart engineers much longer. Technical expertise is no longer valued by the top three-four layers of good old boy executives. The technical career path exists on paper. No one knows what the requirements are to climb the last two-three steps.