Lockheed Martin Corp. agreed to pay $29.74 million to resolve False Claims Act allegations of defective pricing on contracts for F-35 military aircraft, in addition to $11.3 million previously paid for the same issue, the Justice Department announced Thursday.
According to the DOJ, between 2013 and 2015, Lockheed Martin inflated pricing proposals submitted to obtain contracts for the F-35 by failing to provide accurate, complete, and current cost and pricing data to the Defense Department’s F-35 Joint Program Office during negotiations. The DOJ said that if the company had provided accurate data, the contracts would have been awarded at ...
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