MORRISTOWN, N.J., July 29 (Reuters) - Aerospace company Honeywell said on Monday it has received $25 million from BorgWarner Inc. as partial settlement of a patent infringement suit.
The settlement, agreed to a week earlier, came after the District Court in Dusseldorf, Germany, granted Honeywell's request for a preliminary injunction requiring BorgWarner to immediately halt production of its turbochargers that infringe Honeywell's patent, Honeywell said in a statement.
In order to permit automotive manufacturers to continue operations, Honeywell agreed to grant BorgWarner a limited license to continue sales of models of its variable geometry turbochargers that would otherwise violate the court order.
That license will run through June 30.