Honeywell Aerospace Reports Q2 Income Drop, Cuts Guidance and Settles DOJ Case
The scraped report says Honeywell Aerospace’s Q2 net income fell 70% year over year, FY guidance was reduced, and the company agreed to a $2.04 million DOJ False Claims Act settlement tied to cybersecurity compliance.
Moore Law PLLC is urging Honeywell Aerospace investors to contact the firm following HONA’s 70% YoY decline in Q2 net income, a reduction to FY guidance and a $2.04M settlement with the DOJ under the False Claims Act related to cybersecurity compliance. The report describes the developments as following a steep earnings miss and guidance cut.