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Lockheed Martin Agrees To Pay Government $27.5 Million To Settle Overbilling Allegations

Cal Biesecker By
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Lockheed Martin Agrees To Pay Government $27.5 Million To Settle Overbilling Allegations
U.S. Attorney Paul Fishman. Photo: Justice Department

The Justice Department on Friday said that Lockheed Martin [LMT] has agreed to pay the government $27.5 million to settle allegations of contract overbilling related to two Army contracts. The Justice Department charged Lockheed Martin Integrated Systems under the False Claims Act with mischarging on the Rapid Response and Strategic Services Sourcing contracts that were issued by the Army Communications and Electronics Command. The contracts provide the Army with rapid access to products and services for forces in Iraq and…

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