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Posts Tagged ‘Overcharging Scheme’

Lockheed Martin Settles Allegations of Passing On Inflated Costs to U.S. Government

Lockheed Martin Settles Allegations of Passing On Inflated Costs to U.S. Government

Lockheed Martin Corp., the largest defense contractor in the U.S., settled a False Claims Act case in March 2012 for $15.85 million.

The lawsuit, filed in Dallas federal court, alleged that Lockheed and its subcontractor, Tools & Metals, Inc., engaged in a seven-year pricing fraud by mischarging the federal government for tools used on military aircraft. The subcontractor allegedly...

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