Honeywell Flags 4Q Hit Due to Possible Flexjet Settlement Charge
By Robb M. Stewart
Honeywell International warned sales in the final quarter could be squeezed by potential settlement costs related to an ongoing legal dispute with Flexjet.
The aerospace-technology company in a regulatory filing Monday said that based on negotiations to date it expects to book a one-time charge that will reduce quarterly sales by about $310 million and operating income by roughly $370 million. It said the charge wouldn't impact underlying financial metrics.
Any comprehensive settlements will include one-time cash payments totaling about $470 million, Honeywell said.
Private jet operator Flexjet in March sued Honeywell alleging a breach of an engine-maintenance service agreement, seeking liquidated damages for delayed engine repairs. Honewell maintains aircraft engine maintenance service contracts with Flexjet.
Settlement negotiations between Honeywell, Flexjet and the other parties to the litigation continue.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
December 22, 2025 07:24 ET (12:24 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
3 Stocks to Sell and 3 Stocks to Buy for November
This Once-Hot AI Stock Now Looks Deeply Undervalued
The 10 Best Companies to Invest in Now
He Tried Shorting Jim Cramer’s Stock Picks. It Cost Him More Than Money
United States