Honeywell says it has a $470 million Flexjet problem, and a lowered profit outlook

Core Viewpoint - Honeywell anticipates a one-time cash settlement payment of $470 million related to the Flexjet lawsuit, which has resulted in a decline in its stock price [1] Group 1 - The expected cash settlement of $470 million is a significant financial obligation for Honeywell [1] - Following the announcement of the settlement, Honeywell's stock experienced a drop, indicating investor concern over the financial impact [1]