Aerospace Group:

Business/Financial

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

By Cal Biesecker

Thursday, May 22nd, 2025

SHARE:

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…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]