
The Justice Department on Thursday said it has reached a $62 million settlement with L3Harris Technologies [LHX] to resolve allegations that one of the company’s business units knowingly submitted false pricing on dozens of prime and subcontracts with the Defense Department. The alleged wrongdoing by the Utah-based Communications West business relates to price proposals for Remote Operations Video Enhanced Receivers, Video-Oriented Transceivers for Exchange Information, and Soldier Intelligence, Surveillance, and Reconnaissance receivers used on unmanned aircraft systems. The settlement covers…