Bombardier said it has reached a settlement in its legal dispute with Honeywell, resolving a lawsuit and a pending request for appeal before Canada’s supreme court.
Terms of the deal were not released.
Bombardier reportedly sued Honeywell in 2016 over the cost of engines Honeywell was contractually obligated to provide the Canadian planemaker.
A Quebec Superior Court judge ruled in Bombardier’s favour, but Honeywell filed a motion to appeal the decision, per the Canadian Press.
In a separate announcement on Dec. 2, Honeywell said it signed a landmark deal with Bombardier to provide advanced technology for “current and future” aircraft, including avionics, propulsion and satellite communications technologies.
Honeywell estimates the value of the agreement at US$17 billion.
“This is a tremendous opportunity to co-innovate and advance next generation technologies, including Anthem avionics and engines,” said Vimal Kapur, chairman and CEO of Honeywell, in a release.
“Growing our long-term collaborative relationship with Bombardier is directly connected to Honeywell’s focus on compelling megatrends – automation, the future of aviation, and energy transition.”
“This new partnership creates unprecedented opportunities for Bombardier,” said Eric Martel, president and chief executive officer of Bombardier. “Honeywell’s differentiated technology is the key reason we decided to collaboratively build a bright future with them.”
The companies intend to certify and offer JetWave X Wi-Fi systems for the Bombardier Global and Challenger family of jets, for both new production and after-market aircraft.
Bombardier will also have access to Honeywell’s suite of L-Band satellite communications products and antennas.
“Working together, we will generate significant value for Bombardier’s operator base by providing the latest technologies to enable safe and efficient flight,” said Jim Currier, president and CEO of Honeywell Aerospace Technologies.
“We are committed to investing in these key technologies with Bombardier, which will not only drive substantial growth for Honeywell, but lead the industry further into the future of aviation.”
