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The Independent UK
The Independent UK
National
Via AP news wire

Lockheed Martin subsidiaries reach $70 million settlement for claims they overcharged Navy for parts

Lockheed Martin Navy Sikorsky
AP2006

Two Lockheed Martin subsidiaries have agreed to pay the federal government $70 million for overcharging the Navy for aircraft parts, the U.S. Department of Justice announced Friday.

The federal agency says Sikorsky Support Services, based in Stratford, Connecticut, and Derco Aerospace, headquartered in Milwaukee, Wisconsin, knowingly entered into an improper subcontract for spare parts and materials for aircrafts used to train Navy pilots.

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