Honeywell Aerospace Faces Class Action Lawsuit Over Alleged Misstatements
Kaplan Fox & Kilsheimer LLP has initiated a class action lawsuit against Honeywell Aerospace Inc. (NASDAQ: HONA) on behalf of investors who acquired the company’s common stock between June 29, 2026, and September 1, 2026. The firm alleges that Honeywell Aerospace made false or misleading statements during this period, failing to disclose supply chain constraints and potential violations of the False Claims Act.
On August 5, 2026, Honeywell Aerospace reported a 70% year-over-year decline in net income and a 32% drop in adjusted earnings per share for the second quarter of 2026. The company also slashed its full-year 2026 guidance. Following this announcement, the stock price plummeted by $47.17, or 23.16%, closing at $156.47 on August 6, 2026.
On September 1, 2026, the U.S. Department of Justice announced that Honeywell Aerospace agreed to pay over $2 million to settle False Claims Act allegations related to failing to comply with cybersecurity requirements in a U.S. Department of Defense contract. This news caused the stock price to fall further by $3.87, or 2.45%, closing at $154.24 per share.
The lawsuit claims that Honeywell Aerospace did not disclose that a small percentage of its suppliers had a disproportionate impact on sales and that these suppliers were facing supply constraints. The firm also alleges that the company failed to reveal it was under investigation for potential violations of the False Claims Act.