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Business/Financial

L3Harris To Pay $62 Million Fine To Settle Allegations Over False Pricing

By Cal Biesecker

Thursday, May 22nd, 2025

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L3Harris To Pay $62 Million Fine To Settle Allegations Over False Pricing

L3Harris' ROVER 6S transceiver. Photo: L3Harris Technologies

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…

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