Honeywell Aerospace Class-Action Lawsuit Filed Over False Claims Allegations
Kaplan Fox & Kilsheimer LLP has filed a class-action lawsuit against Honeywell Aerospace Inc. (NASDAQ: HONA) on behalf of investors who purchased or acquired the company's common stock between June 29, 2026 and September 1, 2026.
The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose several key issues during this period, including supply constraints from a small percentage of suppliers and their impact on sales and profitability.
On August 5, 2026, Honeywell Aerospace announced reduced full-year guidance and reported a 70% year-over-year decline in net income and a 32% year-over-year decrease in adjusted earnings per share. Following this announcement, the company's stock price fell $47.17 or 23.16%, to close at $156.47 on August 6, 2026.
On September 1, 2026, the U.S. Department of Justice announced that Honeywell Aerospace would pay over $2 million to settle allegations of failing to comply with cybersecurity requirements in a U.S. Department of Defense contract. This news led to a further decline in stock price, falling $3.87 or 2.45%, to close at $154.24 per share on September 1, 2026.
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm with over 50 years of experience prosecuting securities and antitrust cases. The firm has secured billions in recoveries for clients and the classes it has represented.