Honeywell Aerospace Hit with Lawsuit Over Alleged Revenue Disclosure Failures

Honeywell Aerospace is facing a lawsuit from an investor who alleges that the company failed to disclose a federal investigation that led to a $2 million settlement with the U.S. Department of Justice.

The suit claims that Honeywell Aerospace did not adequately inform its investors about the investigation and the impact it would have on the company's revenue.

The plaintiff argues that the investigation had a 'disproportionate impact' on the aerospace and defense company's revenue, particularly from a small set of suppliers.