Honeywell, Flexjet settle litigation, extend engine maintenance deal

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January 21, 2026 5:10 PM EST

Honeywell logo is seen in this illustration taken July 26, 2025. REUTERS/Dado Ruvic/Illustration

Jan 21 (Reuters) - ⁠Honeywell said ⁠on ‍Wednesday it had reached an agreement with ‍private aviation company Flexjet to resolve ​their litigation and aims to ​rebuild their commercial partnership.

The industrial conglomerate said it agreed to extend its aircraft engine ​maintenance deal with Flexjet through 2035 as part of ​the settlement.

Flexjet had sued Honeywell in March ‌2023, accusing the company of breaching an aircraft engine maintenance ​services deal and ⁠seeking liquidated damages over delayed engine repairs.

The aviation ‌firm said in December it was owed at least $500 million ‌in damages, plus additional amounts well above ‌that.

The new settlement agreement will fully resolve all outstanding claims between the ‍parties, Honeywell said.

The company expects to take a ⁠charge of about $470 million in the fourth quarter due to the settlement.

(Reporting by Apratim Sarkar; Editing by Shreya Biswas)


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