RegulationPrimary source

Honeywell Aerospace Inc. Agrees to Pay Over $2M to Settle False Claims Act Allegations of Failing to Comply with Cybersecurity Requirements in a U.S. Department of Defense Contract

The Justice Department announced today that Honeywell Aerospace Inc. has agreed to pay $2,042,518 to resolve allegations that it is liable under the False Claims Act for failing to comply with cybersecurity requirements in a contract with the U.S. Department of Defense. Honeywell Aerospace, a corporation headquartered in Phoenix, Arizona, provides aerospace products and solutions to government and commercial...

What happened

The Justice Department announced today that Honeywell Aerospace Inc. has agreed to pay $2,042,518 to resolve allegations that it is liable under the False Claims Act for failing to comply with cybersecurity requirements in a contract with the U.S. Department of Defense. Honeywell Aerospace, a corporation headquartered in Phoenix, Arizona, provides aerospace products and solutions to government and commercial...

Why it matters

The proceeding may create legal precedent, financial exposure or operating constraints for Regulation.

Affected entities

View evidence

2 reports · 1 original report · 1 independent

  1. U.S. Department of JusticePrimary source · Supports · EN · 100%
    Honeywell Aerospace Inc. Agrees to Pay Over $2M to Settle False Claims Act Allegations of Failing to Comply with Cybersecurity Requirements in a U.S. Department of Defense Contract
  2. U.S. Department of JusticePrimary source · Supports · EN · 80%
    Honeywell Aerospace, Inc. Agrees to Pay Over $2M to Settle False Claims Act Allegations of Failing to Comply with Cybersecurity Requirements in a U.S. Department of Defense Contract

Claims

  • Honeywell Aerospace Inc. Agrees to Pay Over $2M to Settle False Claims Act Allegations of Failing to Comply with Cybersecurity Requirements in a U.S. Department of Defense Contract Observed

Conflicts

No material conflict detected in the available evidence.

Timeline

  1. First reported

Market move following event

Market reaction is not yet available for this asset and time window.

Score explanation

Confidence · formula confidence-2.1.0
Source trust97
Independent corroboration51
Primary evidence100
Claim consistency82
Extraction confidence82
Attribution quality90
Impact · formula impact-2.1.0
Event magnitude76
Market relevance88
Entity significance42
Market breadth48
Novelty60
Urgency76
capital magnitude96
Ranking · formula rank-1.0.0
Confidence factor0.9235
Freshness factor0.9071
Breaking bonus0
Honeywell Aerospace Inc. Agrees to Pay Over $2M to Settle False Claims Act Allegations of Failing to Comply with Cybersecurity Requirements in a U.S. Department of Defense Contract | IntelCap