Lockheed Units To Pay $70M To End FCA Cost Inflation Suit

By Brian Steele ( June 21, 2024, 8:38 PM EDT) -- Sikorsky Support Services Inc. and Derco Aerospace Inc. have agreed to pay $70 million to settle a federal lawsuit alleging that they overcharged the U.S. Navy for spare parts and materials for training aircraft through an illegal subcontracting arrangement, the U.S. Department of Justice announced Friday....

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