Lockheed Martin (LMT) has agreed to pay $29.74 million to resolve False Claims Act allegations that it inflated pricing on F-35 military aircraft contracts by failing to disclose accurate cost data, the Department of Justice said late Thursday.
The settlement is in addition to the $11.3 million the company previously repaid to the Department of Defense for related violations.
Between 2013 and 2015, Lockheed Martin allegedly withheld supplier cost data from the F-35 Joint Program Office in violation of the Truth in Negotiations Act.
Lockheed Martin did not immediately respond to requests for comment from MT Newswires.
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