Pros
Benefits are good and aerospace engineering work can be interesting. Still seen are as solid company, so employment there looks good on a resume.
Cons
Honeywell's business strategy is consistent in two areas: constantly outsourcing American jobs to anywhere where labor is cheap while laying off employees in the US -- then using the profits from this to buy other companies to cannibalize. The dwindling experienced American staff are expected to clean up the substandard work that was outsourced while their salaries stagnate to generate more cash flow to buy other companies. New engineering development is limited as management likes to milk its technology as long as possible and then sells off business units no longer able to sell their outdated products.