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The government awards contracts to companies with histories of misconduct such as contract fraud and environmental, ethics, and labor violations. In the absence of a centralized federal database listing instances of misconduct, the Project On Government Oversight (POGO) is providing such data. We believe that it will lead to improved contracting decisions and public access to information about how the government spends hundreds of billions of taxpayer money each year on goods and services. Report an instance of misconduct »
Lockheed Martin
Titan IV Rocket Billing Problems
Date: 05/12/2008 (Date of Announcement)
Misconduct Type: Government Contract Fraud
Enforcement Agency: Defense – General
Contracting Party: Defense - Air Force
Court Type: Civil
Amount: $10,500,000
Disposition: Settlement
Synopsis: Lockheed Martin Space Systems Company agreed to pay $10.5 million to settle a civil investigation into billing problems with its Titan IV rocket. According to Lockheed, the company voluntarily disclosed errors in billing requests from 1998 to 2001 after they were discovered during an internal review. The government alleges Lockheed obtained excessive interim payments, known as progress payments, by manipulating its billings.
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