Honeywell Aerospace to Pay Over $2 Million in US Defense Contract Settlement, Shares Fall

04:01 PM EDT, 09/01/2026 (MT Newswires) -- Honeywell Aerospace (HONA) has agreed to pay over $2 million to settle allegations that it failed to comply with cybersecurity requirements in a US Department of Defense contract, the US Department of Justice said Tuesday. The settlement resolves allegations that, from April 2020 through Dec. 2023, a unit of Honeywell International (HON) submitted false claims for payment after failing to meet cybersecurity requirements for one of Honeywell's networks. Honeywell Aerospace became a standalone company on June 29 after separating from Honeywell International. Shares of Honeywell Aerospace were down 2.4% in late afternoon trading. Price: 154.42, Change: -3.69, Percent Change: -2.33