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

MT Newswires Live

2小時前

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

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