Lockheed Martin Settles Allegations of Passing On Inflated Costs to U.S. Government
March 30, 2012Lockheed 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...
