L3 Technologies Agrees to Pay $62 Million to Settle Allegations It Failed to Disclose Accurate Pricing to US Government

MT Newswires Live
2025/05/23

L3 Technologies agreed to pay $62 million to settle claims that one of its divisions made false statements and failed to disclose accurate pricing for equipment sold to the US government, the Justice Department said Thursday.

L3 Technologies Inc., a corporation doing business in Utah, merged in 2019 with Harris Corporation to become L3Harris Technologies (LHX).

According to the Justice Department, the company's Communications System West division violated the False Claims Act and the Truth In Negotiations Act by "failing to disclose accurate, current, and complete cost or pricing data for communications equipment sold to various Department of Defense agencies, including the Air Force, Army, and Navy, and other government agencies."

The violations allegedly occurred between October 2006 and February 2014, the Justice Department said.

The Justice Department added that its claims were allegations only and there had been no determination of liability.

The company did not immediately respond to a request for comment from MT Newswires.

Price: 238.25, Change: +5.66, Percent Change: +2.43

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10