Aircraft
Honeywell, Bombardier Settle Dispute, Sign Tech Pact
Move could signal development of a new super-midsize jet
Bombardier Challenger 3500
Honeywell's new HTF7K engine could power a next-generation Bombardier Challenger 3500.

Bombardier settled its 2016 lawsuit filed against Honeywell over HTF7000 engine pricing before the Superior Court of Québec, the companies said yesterday. Honeywell also simultaneously announced a strategic agreement to collaborate on new technologies “for current and future Bombardier aircraft in avionics, propulsion, and satellite communications technologies.”

Terms of the settlement were not revealed, but Jefferies Equity Research said Honeywell updated its 2024 guidance to reflect the investments being made as part of the agreement. This includes “$400 million in contra-revenue tied to its planned launch contributions for the HTF7000 and Anthem co-development programs.”