Tag Archives: Lockheed Martin

DOJ Recovers Over $3.5 Billion from False Claims Act Cases in FY 2015

The Department of Justice announced today that it obtained more than $3.5 billion in settlements and judgments from civil cases involving fraud and false claims against the government in the fiscal year ending September 30, 2015. This is the fourth … Continue reading

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Lockheed Martin to Buy Sikorsky Aircraft for $9 Billion

Big news story today on two major government contractors. The deal is worth $9 billion. Lockheed Martin reaches deal to buy Sikorsky Aircraft | Marketplace.org. Lockheed press release. United Technologies press release.

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Lockheed Subsidiary to Pay $27.5 Million to Settle Overbilling Allegations

The Department of Justice has announced that Lockheed Martin Integrated Systems has agreed to pay $27.5 million to resolve allegations that it violated the False Claims Act by knowingly overbilling the government for work performed by LMIS employees who lacked required … Continue reading

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DoD Announces $4.1 Billion Lockheed F-35 Aircraft Buy

The Department of Defense has announced that Lockheed Martin Corp., Lockheed Martin Aeronautics Co., of Fort Worth, Texas, is being awarded a $4,123,746,486 modification to a previously awarded fixed-price-incentive firm-target contract for the production of 43 Low Rate Initial Production … Continue reading

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Lockheed Martin Wins $915 Million Space Fence Program Contract

The Department of Defense has announced that the Air Force has awarded Lockheed Martin Mission Systems and Training, of Moorestown, New Jersey, a $914,699,474 fixed-price-incentive-firm, cost-reimbursable and cost-plus-fixed-fee contract for engineering, manufacturing and development, production, and deployment for the Space … Continue reading

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Navy Awards $1.38 Billion in Ship Construction Work

The Naval Sea Systems Command, Washington, D.C., has funded two contracts for the construction of littoral combat ships. The first awardee, Lockheed Martin Corp., of Baltimore, Maryland, has received $698,911,656 in funding under a previously-awarded contract for the construction of … Continue reading

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