Investigations

 

Lockheed-Martin Settles for $10.5 Million in Overcharge Case

March 13, 2001
 
 

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.

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