HONEYWELL AND FLEXJET FINALIZE SETTLEMENT, RENEW LONG-TERM CONTRACT THROUGH 2035

Honeywell (Nasdaq: HON) and Flexjet announced a comprehensive settlement resolving all pending claims among the parties and related litigation involving StandardAero and Duncan Aviation.

Rhea-AI Summary

Honeywell (Nasdaq: HON) and Flexjet announced a comprehensive settlement resolving all pending claims among the parties and related litigation involving StandardAero and Duncan Aviation. As partial consideration, the companies also agreed to extend their aircraft engine maintenance agreement through 2035, renewing the commercial partnership and removing the litigative overhang. Both parties said they look forward to working collaboratively going forward. No monetary terms or guidance on financial impact were disclosed.

Positive

• All pending litigation resolved in full
• Engine maintenance agreement extended through 2035
• Restores commercial partnership

Negative

• None.

Argus Jan 22 session

+1.54% close to close Open Argus

Details

News Market Reaction – HON

On Jan 22, the first trading day after this news, HON closed 1.54% above the previous close.

Data tracked by StockTitan Argus for the Jan 22 session.

Key Figures

Contract term: Through 2035

Contract term

Through 2035

Extension of aircraft engine maintenance agreement with Flexjet

Historical Context

5 past events · Latest: Jan 14

5 events

1. Jan 14

   Planned IPO filing

   24h Move

   +1.3%

   Quantinuum’s planned confidential S-1 submission for proposed IPO.

2. Jan 02

   Earnings date set

   24h Move

   +0.4%

   Announcement of Q4 results and 2026 outlook call on Jan 29, 2026.

3. Dec 22

   Segment realignment

   24h Move

   -1.6%

   Guidance lowered and sizable Flexjet-related charges and cash settlements outlined.

4. Dec 10

   Board appointment

   24h Move

   +1.0%

   Appointment of Indra Nooyi as independent director effective Jan 1, 2026.

5. Nov 11

   AI collaboration

   24h Move

   +2.2%

   AI-assisted control room pilot with TotalEnergies showing predictive benefits.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CHARLOTTE, N.C., Jan. 21, 2026 /PRNewswire/ -- Honeywell (Nasdaq: HON) and Flexjet are pleased to have reached a comprehensive agreement to resolve their pending litigation and look forward to rebuilding the parties' commercial partnership.

The agreement will resolve in full all pending claims among and between the parties, as well as related litigation involving StandardAero and Duncan Aviation. Simultaneously, and as partial consideration for the resolution of the litigation, Honeywell and Flexjet have agreed to extend their aircraft engine maintenance agreement through 2035. Honeywell and Flexjet look forward to working collaboratively going forward.

About Honeywell
Honeywell is an integrated operating company serving a broad range of industries and geographies around the world, with a portfolio that is underpinned by our Honeywell Accelerator operating system and Honeywell Forge platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations for aerospace, building automation, industrial automation, process automation, and process technology, that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

Forward-Looking Statements
We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as changes in or application of trade and tax laws and policies, including the impacts of tariffs and other trade barriers and restrictions, lower GDP growth or recession in the U.S. or globally, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. Some of the important factors that could cause Honeywell's actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: (i) the ability of Honeywell to effect the spin-off transaction described above and to meet the conditions related thereto; (ii) the possibility that the spin-off transaction will not be completed within the anticipated time period or at all; (iii) the possibility that the spin-off transaction will not achieve its intended benefits; (iv) the impact of the spin-off transaction on Honeywell's businesses and the risk that the spin-off transaction may be more difficult, time-consuming or costly than expected, including the impact on Honeywell's and Honeywell Aerospace's resources, systems, procedures and controls, diversion of management's attention and the impact and possible disruption of existing relationships with regulators, customers, suppliers, employees and other business counterparties; (v) the possibility of disruption, including disputes, litigation or unanticipated costs, in connection with the spin-off transaction; (vi) the uncertainty of the expected financial performance of Honeywell or Honeywell Aerospace following completion of the spin-off transaction; (vii) negative effects of the announcement or pendency of the spin-off transaction on the market price of Honeywell's securities and/or on the financial performance of Honeywell; (viii) the ability to achieve anticipated capital structures in connection with the spin-off transaction, including the future availability of credit and factors that may affect such availability; (ix) the ability to achieve anticipated credit ratings in connection with the spin-off transaction; (x) the ability to achieve anticipated tax treatments in connection with the spin-off transaction and future, if any, divestitures, mergers, acquisitions and other portfolio changes and the impact of changes in relevant tax and other laws; and (xi) the failure to realize expected benefits and effectively manage and achieve anticipated synergies and operational efficiencies in connection with the spin-off transaction and completed and future, if any, divestitures, mergers, acquisitions, and other portfolio management, productivity and infrastructure actions. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K and other filings with the SEC. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.

Contacts:
Media	Investor Relations
Stacey Jones	Sean Meakim
(980) 378-6258	(704) 627-6200
Stacey.Jones@honeywell.com	Sean.Meakim@honeywell.com

 

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SOURCE Honeywell

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Honeywell (HON) and Flexjet announce on January 21, 2026?

They announced a settlement resolving all pending claims and extended their aircraft engine maintenance agreement through 2035.

Does the Honeywell-Flexjet settlement include monetary terms disclosed to investors?

No monetary amounts or financial terms were disclosed in the announcement.

How long is the Honeywell (HON) and Flexjet maintenance agreement extension effective?

The maintenance agreement extension runs through 2035.

Which related parties were mentioned as part of the litigation resolved by Honeywell and Flexjet?

The settlement resolves related litigation involving StandardAero and Duncan Aviation.

What is the likely immediate impact of the Honeywell-Flexjet settlement for shareholders of HON?

The settlement removes legal uncertainty between the parties and renews a long-term commercial contract, which may reduce litigation risk; no financial impact was provided.