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Honeywell International ( (HON) ) has issued an announcement.
Honeywell has disclosed that it is in active settlement negotiations over litigation brought on March 1, 2023, by private jet operator Flexjet, which alleges breach of an aircraft engine maintenance service agreement and seeks liquidated damages for delayed engine repairs. Based on the current state of those talks, Honeywell expects to record a one-time charge in the fourth quarter of 2025 within its Aerospace Technologies segment that would reduce GAAP sales by about $310 million and operating income by about $370 million through contra-revenue accounting, and anticipates that comprehensive settlements would entail roughly $470 million in aggregate one-time cash payments to Flexjet and other parties to the dispute, signaling a potentially significant but contained financial impact as the company seeks to resolve the long-running contractual conflict.
The most recent analyst rating on (HON) stock is a Buy with a $255.00 price target. To see the full list of analyst forecasts on Honeywell International stock, see the HON Stock Forecast page.
Spark’s Take on HON Stock
According to Spark, TipRanks’ AI Analyst, HON is a Outperform.
Honeywell International’s overall stock score of 77 reflects its strong financial performance and positive earnings call guidance. While technical analysis shows mixed signals, the company’s strategic initiatives and fair valuation provide a solid foundation for future growth. The most significant factors are the robust financial health and strategic achievements highlighted in the earnings call.
To see Spark’s full report on HON stock, click here.
More about Honeywell International
Honeywell International is a diversified industrial and technology company with major operations in aerospace technologies, building automation, process automation and technology, and industrial automation. Within aerospace, the company supplies aircraft engines, original equipment and aftermarket services, along with defense and space solutions, serving commercial aviation operators, private jet providers, and government customers worldwide.
Average Trading Volume: 4,420,323
Technical Sentiment Signal: Buy
Current Market Cap: $126.4B
Learn more about HON stock on TipRanks’ Stock Analysis page.