U.S. Department of Justice False Claims Act Update

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Lockheed Martin Corporation Agrees to Settle False Claims Act Allegations of Defective Pricing

02/06/2025 07:00 AM EST

Lockheed Martin Corporation (LMC) has agreed to pay $29.74 million to resolve False Claims Act allegations of defective pricing on contracts for F-35 military aircraft. This payment is in addition to $11.3 million that LMC previously paid to the Department of Defense (DOD) for the same undisclosed cost and pricing data on some of the same contracts. LMC, headquartered in Bethesda, Maryland, is one of the world's largest defense contractors.

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