A securities class action has been filed against Honeywell Aerospace, Inc. (HONA) on behalf of persons and entities that purchased or otherwise acquired Honeywell Aerospace securities between June 29, 2026 through September 1, 2026. This case has been filed in the USDC – AZ.
On August 5, 2026, after the market closed, Honeywell Aerospace announced second quarter 2026 earnings, reporting that net income fell 70% year-over-year and adjusted earnings per share declined 32% year-over-year. Further, the Company slashed its full year 2026 guidance, including a reduction in expected year-over-year adjusted EBIT growth from 7%–10% to flat-to-3%.
On this news, Honeywell Aerospace’s share price fell $47.17 or 23.16%, to close at $156.47 on August 6, 2026, on unusually heavy trading volume.
On September 1, 2026 at approximately 2:50 p.m. ET, the Justice Department announced that the Honeywell Aerospace agreed to “pay over $2 million to settle False Claims Act allegations of failing to comply with cybersecurity requirements in a U.S. Department of Defense contract.”
On this news, Honeywell Aerospace’s stock price fell $3.87 or 2.45%, to close at $154.24 per share on September 1, 2026, thereby injuring investors.
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) that a small percentage of the Company’s suppliers had a “disproportionate impact” on sales; (2) that those suppliers were suffering supply constraints; (3) that the foregoing was reasonably likely to have a material unfavorable impact on sales and profitability; (4) that the Company was under investigation for potential violations of the False Claims Act for failing to comply with cybersecurity requirements for government contracts; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.