Honeywell, Flexjet Settle Litigation, Extend Engine Maintenance Deal to 2035

Honeywell and private aviation company Flexjet have settled their legal dispute and extended their aircraft engine maintenance agreement through 2035, the industrial conglomerate announced on January 21, 2026. The settlement resolves all outstanding claims stemming from a March 2023 lawsuit in which Flexjet accused Honeywell of breaching its maintenance services contract and sought at least $500 million in damages over delayed engine repairs. Under the terms, Honeywell expects to record a $470 million charge in the fourth quarter of 2025 related to the resolution. Financial terms beyond the charge were not disclosed. The renewed partnership aims to restore and strengthen commercial ties between the two companies.