Honeywell, Teledyne Table Aircraft Patent Claims

Law360, New York (April 24, 2008, 12:00 AM EDT) -- Honeywell International Inc. has settled patent litigation that involved accusations that the defense contractor stole trade secrets in order to develop a data communication system for automatically transmitting aircraft data.

Under the deal announced by Teledyne Technologies Inc. on Thursday, the companies entered into a patent cross-licensing agreement under which undisclosed financial terms and other considerations would be provided for a license to each party's patents-in-suit.

The companies stipulated to toss their claims in the case on Tuesday, and Judge Margaret M. Morrow granted the dismissal...
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