Honeywell Aerospace is rallying despite a wave of negative news regarding a securities class action lawsuit filed against the company. The litigation, which has prompted numerous law firms to solicit lead plaintiffs, centers on allegations that the company failed to disclose material risks related to supplier concentration, supply chain constraints, and potential False Claims Act violations. While the company faces these legal headwinds, the stock is moving higher following the Pentagon's announcement late yesterday of Project Meridian, an initiative aimed at identifying future warfare technology that may benefit firms within the aerospace and defense sector.