Bombardier Confirms Reaching Settlement in Legal Dispute with Honeywell
Bombardier has announced reaching a settlement agreement with Honeywell International regarding a lawsuit initially filed in 2016 in the Superior Court of Québec. The settlement resolves both the original lawsuit and the pending appeal request before the Supreme Court of Canada. The specific terms of the settlement agreement remain confidential between both parties.
Bombardier ha annunciato di aver raggiunto un accordo di transazione con Honeywell International riguardo a una causa intentata inizialmente nel 2016 presso il Tribunale Superiore del Québec. L'accordo risolve sia la causa originale che la richiesta di appello ancora in sospeso presso la Corte Suprema del Canada. I termini specifici dell'accordo di transazione rimangono riservati tra le due parti.
Bombardier ha anunciado que ha alcanzado un acuerdo de conciliación con Honeywell International en relación con una demanda presentada inicialmente en 2016 en el Tribunal Superior de Québec. El acuerdo resuelve tanto la demanda original como la solicitud de apelación pendiente ante la Corte Suprema de Canadá. Los términos específicos del acuerdo de conciliación permanecen confidenciales entre ambas partes.
Bombardier는 Honeywell International과 2016년 퀘벡 고등 법원에 처음 제기된 소송에 대한 합의에 도달했다고 발표했습니다. 이 합의는 원래 소송 및 캐나다 대법원에 제출된 항소 요청을 모두 해결합니다. 합의의 구체적인 조건은 양 당사자 간에 기밀 유지됩니다.
Bombardier a annoncé avoir conclu un accord de règlement avec Honeywell International concernant une poursuite initialement déposée en 2016 devant la Cour supérieure du Québec. Le règlement met fin à la poursuite originale ainsi qu'à la demande d'appel pendante devant la Cour suprême du Canada. Les termes spécifiques de l'accord de règlement restent confidentiels entre les deux parties.
Bombardier hat bekannt gegeben, dass ein Vergleichsvereinbarung mit Honeywell International erzielt wurde, die eine ursprünglich 2016 vor dem Obergericht von Québec eingereichte Klage betrifft. Der Vergleich löst sowohl die ursprüngliche Klage als auch den laufenden Berufungsantrag vor dem Obersten Gerichtshof von Kanada. Die spezifischen Bedingungen der Vergleichsvereinbarung bleiben zwischen beiden Parteien vertraulich.
- Legal dispute resolution achieved, removing uncertainty and potential ongoing legal costs
- None.
MONTRÉAL, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today confirmed that it has reached an agreement to settle its lawsuit against Honeywell International Inc. (“Honeywell”) that it initially filed in 2016 before the Superior Court of Québec. The settlement resolves the lawsuit and the pending request for appeal before the Supreme Court of Canada. The terms of the settlement agreement are confidential to both parties.
About Bombardier
At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs.
For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it.
Bombardier customers operate a fleet of approximately 5,000 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier’s performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious “Red Dot: Best of the Best” award for Brands and Communication Design.
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Media Contacts
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Forward-Looking Statements
Certain statements in this announcement are forward-looking statements based on current expectations, which may involve, but are not limited to: the coming into effect of the settlement agreement and the satisfaction and timing of conditions in connection therewith; and the effect of the settlement on the parties to the lawsuit and their business relationship.
By their nature, forward-looking statements require the Company to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause the actual effects or results in future periods to differ materially from those set forth in the forward-looking statements. Please also refer to the note on “Forward-Looking Statements” and the section titled “Risks and Uncertainties” contained in Bombardier’s published quarterly financial report for the period ended September 30, 2024 and annual financial report for the fiscal year ended December 31, 2023.
FAQ
What was the outcome of Bombardier's (BDRBF) lawsuit against Honeywell?
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Are the terms of Bombardier's (BDRBF) settlement with Honeywell public?
