Fined. United Technologies Corp. has been found liable by a federal court for over $473 million in damages and penalties related to an Air Force contract for engines for F-15 and F-16 fighter aircraft between 1985 and 1990. The Justice Department says that UTC’s proposed prices for the contract “misrepresented how UTC calculated those prices, resulting in the government paying hundreds of millions more than it otherwise would have paid for the engines.” Justice says the company left out from…
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Defense Daily Staff
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