Honeywell ($HON) says ongoing settlement talks with Flexjet (and other parties) will likely trigger a…
Filed with the SEC on · Summarized by InvestorsBot
Honeywell ($HON) says ongoing settlement talks with Flexjet (and other parties) will likely trigger a one-time Aerospace Technologies charge in Q4 2025: ~ $310M contra-revenue hit to GAAP sales and ~ $370M operating income reduction. ⚖️✈️ #Honeywell #Aerospace #Litigation
$HON expects any comprehensive settlements to include ~ $470M in one-time cash payments to Flexjet & others; terms remain under negotiation and may change — no assurance settlements will be reached. 💰 #Honeywell #8K #Investing
Background — Flexjet sued Honeywell on March 1, 2023 alleging breach of an aircraft engine maintenance agreement and seeking liquidated damages for delayed engine repairs; Honeywell performs engine services for Flexjet. 📝 $HON #Litigation #Aerospace