Sikorsky pays $3.5 million over Army cost claims

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 in Herald Business Journal

Happy accident leads Edmonds couple to make Hunniwater drink

The latest line of energy drinks by Karin and Eric… Continue reading

Single payer is no panacea for our costly health care system

We must address the cost of health care before designing an insurance system.

Voters are on the sidelines as the port fills a vacant seat

Troy McClelland resigned from the Port of Everett commission too late for an election before 2019.

Career Fair planned next week at Tulalip Resort Casino

The Snohomish County Career Fair is planned from 10 a.m. to 2… Continue reading

American Farmland Trust president to speak in Mount Vernon

American Farmland Trust President John Piotti plans to give a talk about… Continue reading

In new setback, Uber to lose license to work in London

The company, beset by litany of scandals, was told it was not “fit and proper” to keep operating there.

Not home? Walmart wants to walk in and stock your fridge

The retailer is trying out the service with tech-savvy shoppers who have internet-connected locks.

Trade panel: Cheap imports hurt US solar industry

The ruling raises the possibility of tariffs that could double the price of solar panels.

Agent joins Re/Max in Smokey Point

Dennis Roland joined the Re/Max Elite Smokey Point office. The Navy veteran… Continue reading

Most Read