L3Harris Settles Military Price Fraud

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L3 Technologies

CNBC

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US Politics

Firm tapped to modify Qatar jet for Trump admin agrees to $62 million settlement in false claims case

Summary

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75% Informative

L3Harris Technologies will pay $62 million to settle allegations that it lied about the prices of equipment it sold to the U.S. military.

The firm has been tapped to help turn a luxury 747 jet gifted to the United States from Qatar into President Trump 's new Air Force One .

L3 is "pleased to have been able to amicably resolve the matter," noting the settlement came "without any admission of fault or liability" The DOJ's false-claims allegations stemmed from pricing proposals the company submitted for an array of products.

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formal

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English

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not offensive

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not hateful