Kaplan Fox & Kilsheimer LLP has issued a reminder to investors in Honeywell Aerospace Inc. (NASDAQ: HONA) regarding the upcoming deadline to apply for lead plaintiff status in a class-action lawsuit. The firm is representing investors who purchased Honeywell Aerospace stock between June 29, 2026, and September 1, 2026. The deadline to apply for lead plaintiff status is November 23, 2026.
The lawsuit alleges that Honeywell Aerospace made false or misleading statements during the class period. Specifically, it claims the company failed to disclose supply constraints from a small percentage of suppliers that had a significant impact on sales and profitability. Additionally, the complaint mentions an investigation into potential violations of the False Claims Act related to cybersecurity requirements for government contracts.
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 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 agreed to pay over $2 million to settle False Claims Act allegations. This news caused the stock price to drop $3.87, or 2.45%, to close at $154.24 per share.