U.S. Justice Department Says Sikorsky Support Services And Derco Aerospace Agree To Pay $70M To Settle False Claims Act Allegations Of Improper Markups On Spare Parts For Navy Trainer Aircraft
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Sikorsky Support Services and Derco Aerospace have agreed to pay $70 million to settle False Claims Act allegations related to improper markups on spare parts for Navy trainer aircraft, according to the U.S. Justice Department.
June 21, 2024 | 7:03 pm
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Lockheed Martin, the parent company of Sikorsky, may face short-term negative sentiment due to the $70 million settlement over False Claims Act allegations.
Lockheed Martin, as the parent company of Sikorsky, is likely to experience negative sentiment in the short term due to the financial and reputational impact of the $70 million settlement.
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