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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Total News Sources0
Leaning Left8Leaning Right5Center14Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
51% Center
L 30%
C 51%
R 19%
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