Friday, February 7, 2014

Honeywell to Get $75 Million to End Google Patent Fight
Bloomberg - February 6, 2014

Honeywell International Inc. (HON) will get $75 million from the U.S. government to end a decade-long patent dispute over night-vision goggle technology used in Lockheed Martin Corp. (LMT)'s F-16 fighter jet.

Honeywell in return will give the government a license to use the technology, according to a judgement entered yesterday by U.S. Court of Federal Claims Judge Susan Braden.  Morris Township, New Jersey-based Honeywell argued in its lawsuit that the government used the invention without compensation before and after the patent was issued in 2002.