Honeywell Faces $470M Charge Amid Flexjet Legal Dispute, Adjusts Earnings Outlook Honeywell announced on Monday a projected one-time charge of approximately $470 million in Q4 2024, linked to a potential settlement in litigation with Flexjet, a private aviation company. The news triggered a 1.3% dip in Honeywell’s premarket shares. The dispute stems from a March 2023 lawsuit filed by Flexjet, which accused Honeywell of breaching an aircraft engine maintenance services agreement. Flexjet claimed liquidated damages for delayed engine repairs, with costs continuing to accrue monthly for engines still awaiting service. In addition to the legal setback, Honeywell revised its 2024 adjusted earnings forecast, lowering expectations to $9.70–$9.80 per share from the prior $10.60–$10.70 range. The company also plans to reclassify its Advanced Materials unit as discontinued operations starting in Q4 2025, following the spin-off of Solstice Advanced Materials. The developments reflect ongoing financial and operational challenges for the industrial conglomerate amid legal and strategic restructuring efforts.