Aerospace Group:

Business/Financial

Booz Allen To Pay $377 Million To Resolve Justice Department Allegations

By Cal Biesecker

Monday, July 24th, 2023

SHARE:

Booz Allen To Pay $377 Million To Resolve Justice Department Allegations

The Justice Department last Friday said Booz Allen Hamilton [BAH] has agreed to pay the U.S. government $377.5 million to resolve allegations that it violated federal law by improperly charging commercial and international costs to its government contracts. The government alleges that over a 10-year period beginning in 2011, Booz Allen billed government contracts and subcontracts that should have been invoiced to separate commercial and international contracts. It also says that the firm did not disclose to the government how…

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]