Honeywell Aerospace Hit with Securities Class Action Lawsuit
A class-action lawsuit has been filed against Honeywell Aerospace Inc. (NASDAQ: HONA) over alleged false and misleading statements about its suppliers' impact on sales.
The complaint, filed by law firm Kirby McInerney LLP, covers investors who acquired HONA securities between June 29, 2026, and September 1, 2026. If you suffered a loss, you have until November 23, 2026, to request lead plaintiff appointment.
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 attributed these results to supply chain constraints that affected factory volume growth.
The price of HONA shares plummeted by $47.17, or approximately 31.16%, on August 5, 2026, after the announcement. On September 1, 2026, the Justice Department revealed that Honeywell Aerospace agreed to pay over $2 million to settle False Claims Act allegations related to cybersecurity requirements in a U.S. Department of Defense contract.