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Lockheed Martin subsidiaries reach $70 million settlement for claims they overcharged Navy for parts
- Two Lockheed Martin subsidiaries agreed to pay $70 million for overcharging the Navy for aircraft parts, as announced by the DOJ.
- Sikorsky Support Services and Derco Aerospace entered an improper subcontract for spare parts, leading to excess charges for training Navy pilots.
- Sikorsky bought parts from Derco at a marked-up price and then billed the Navy, violating regulations on cost arrangements, per prosecutors.
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Lockheed Martin subsidiaries reach $70 million settlement over claims they overcharged Navy for parts
Two Lockheed Martin subsidiaries have agreed to pay the federal government $70 million for overcharging the Navy for aircraft parts, the U.S. Department of...
·New York, United States
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Lockheed Martin subsidiaries reach $70 million settlement for claims they overcharged Navy for parts
STRATFORD, Conn. — Two Lockheed Martin subsidiaries have agreed to pay the federal government $70 million for overcharging the Navy for aircraft parts, the U.S. Department of Justice announced...
·Annecy, France
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Coverage Details
Total News Sources30
Leaning Left7Leaning Right5Center17Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 24%
C 59%
R 17%
Factuality
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