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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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30 Articles

Connecticut PostConnecticut Post
Center

Sikorsky and Lockheed Martin subsidiary agree to pay $70M to settle claims they overcharged Navy

Sikorsky and another Lockheed Martin subsidiary have agreed to pay $70 million to resolve claims the companies overcharged the U.S. Navy for aircraft parts.

·Bridgeport, United States
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theday.comtheday.com
Center

Lockheed Martin subsidiaries reach $70M settlement for claims they overcharged Navy

Stratford — 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 Friday. The fe...

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MarketWatchMarketWatch
Center

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...

·United States
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Business StandardBusiness Standard
Lean Right

Lockheed Martin subsidiaries reach $70 mn settlement for overcharging Navy

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 Friday.

·India
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Market ScreenerMarket Screener
Center

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...

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SF GateSF Gate
Lean Left

Lockheed Martin subsidiaries reach $70 million settlement for claims they overcharged Navy for parts

Two Lockheed Martin subsidiaries have agreed to pay the federal government $70 million for...

·San Francisco, United States
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Stars and Stripes broke the news in Washington, United States on Friday, June 21, 2024.
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