Top U.S. Defense Contractor L3 Tech to Pay $62M to Settle Claims of Deceptive Practices

Trump's Chosen Air Force One Contractor L3Harris To Pay $62 Million As Settlement For Misleading US Military - L3Harris Technologies (NYSE:LHX), Boeing (NYSE:BA)

Defense contractor L3Harris Technologies (NYSE:LHX) has agreed to pay $62 million to settle allegations of deceit over equipment pricing sold to the U.S. military. This comes as the company is involved in modifying a luxury Boeing 747 for the new Air Force One. What Happened: The Justice Department announced that L3Harris has agreed to settle claims that it misrepresented equipment prices to the U.S. military years ago. The settlement follows th…

L3 Harris must pay $62M in settlement with eds over contracts

WASHINGTON — A defense contractor with offices in Northampton, Massachusetts, will pay the U.S. government $62 million after one of its divisions failed to disclose accurate costs for communications gear sold to the U.S. Department of Defense.

Top U.S. defense contractor L3 Tech to pay $62M to settle claims of deceptive practices

American defense contractor L3 Technologies Inc. will pay tens of millions in fines after admitting to submitting a slew of false business info to U.S. military departments and other federal agencies.

L3Harris To Pay $62 Million Fine To Settle Allegations Over False Pricing - Defense Daily

The Justice Department on Thursday said it has reached a $62 million settlement with L3Harris Technologies [LHX] to resolve allegations that one of the company’s business units knowingly submitted false […]