From Basic Electric To Basic Dynamics: Pittsfield’s Economy Has Fluctuated With Large Employers Business Enterprise
Honeywell was coveted for its aerospace unit, a $9.9 billion business involved in flight-handle systems, onboard environmental controls, and repair services. The addition of this unit was anticipated to substantially increase the GE Aircraft Engines unit, producing a global aerospace giant. Welch agreed to remain on at Basic Electric by way of the end of 2001 in order to see the acquisition by way of to fruition. He did, nonetheless, name a successor soon immediately after this deal was announced….