Honeywell and Flexjet Settle Legal Dispute, Extend Contract
Honeywell and Flexjet have settled their legal dispute, extending their maintenance contract through 2035. Honeywell will incur a $470 million charge in Q4 2024.
Insights:
Honeywell International Inc. and Flexjet have reached a settlement agreement, resolving a three-year legal dispute over aircraft engine maintenance services. Announced on January 21, 2026, the settlement includes an extension of Honeywell's maintenance contract with Flexjet through 2035 and involves a $470 million charge to be recorded by Honeywell in the fourth quarter of 2024. This resolution marks a significant step in eliminating financial uncertainty for Honeywell while restoring their commercial partnership.
