Lockheed-Martin Settles for $10.5 Million in Overcharge Case

Office of Inspector General

Title:	Lockheed-Martin Settles for $10.5 Million in Overcharge Case
Date:	March 13, 2001
Type:	Investigation
Summary:	An OIG investigation and audit by the Defense Contract Audit Agency disclosed that IBM's Federal Systems Division overcharged the FAA for rent on four office buildings in Rockville, MD, by approximately $15 million. Lockheed-Martin (which acquired IBM's Federal Systems Division) agreed to credit the FAA with $10,500,000, to be offset through future billings.