Like The Herald Business Journal on Facebook!
The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us
Heraldnet.com

The top local business stories in your email

Contact Us:

Josh O'Connor
Publisher
Phone: 425-339-3007
joconnor@heraldnet.com

Maureen Bozlinski
General Sales Manager
Phone: 425-339-3445
Fax: 425-339-3049
mbozlinski@heraldnet.com

Jim Davis
Editor
Phone: 425-339-3097
jdavis@heraldnet.com

Site address:
1800 41st Street, S-300,
Everett, WA 98203

Mailing address:
P.O. Box 930
Everett, WA 98206

HBJ RSS feeds

Sikorsky pays $3.5 million over Army cost claims

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon
Associated Press
Published:
HARTFORD, Conn. — Federal prosecutors say helicopter maker Sikorsky Aircraft Corp. has agreed to pay $3.5 million to resolve allegations it inflated the cost of spare parts.
Connecticut U.S. Attorney Deirdre M. Daly said Monday that Sikorsky failed from 2008 to 2011 to disclose accurate, complete and current cost and pricing data to the Army purchasing unit that buys spare parts for the manufacturer’s Black Hawk helicopter.
Stratford, Conn.-based Sikorsky is a subsidiary of United Technologies Corp. It says in a statement that it’s pleased to have resolved the matter.
Daly says Sikorsky’s actions created an uneven playing field in negotiations that “tilted unfairly” in its favor.
Military contractors are required by law to disclose accurate, complete and current cost and pricing data to the government during negotiations.

MORE HBJ HEADLINES

CALENDAR

Market roundup