Siddharth,
As an employee of Honeywell, im bit ..not.. a byte happy in honeywell.
Its core nature may be in Avionics and Instrumentaion but in HTSL, they are providing software solutions.
I too heared about Amdocs since from 2002, when they came to our college for campus recriutment. After offering(in $'s), due to recession none of the candidates where inducted. They where recurited directly for Amdocs, Cyprus.
In honeywell you can have Job Security, better work culture, visibility.
Can i switch easily to other software companies later (if necessary) or my options sealed?
This you can do form any company
Regards
Mohan