Title: Lockheed Martin: Corporate Rap Sheet | Corporate Research Project
Headings: Lockheed Martin: Corporate Rap Sheet
Lockheed Martin: Corporate Rap Sheet
Lockheed Martin

Content: Lockheed, which had to be bailed out by the federal government in the 1970s, has been involved in numerous controversies involving questionable foreign payments, cost-overruns, overbilling of the federal government, race and age discrimination, and environmental racism. The Project On Government Oversight’s Federal Contractor Misconduct Database has 58 entries for Lockheed involving more than $600 million in fines, damages and other payments. Government Contracting
In March 1998 Lockheed and Unisys agreed to pay $3.15 million to settle charges of artificially inflating prices of spare parts sold to the Commerce Department for the NEXRAD Doppler Radar System. In June 2000 the State Department fined Lockheed $13 million ($5 million of which was to pay for remedial measures) for violations of the Arms Control Export Act in connection with the transfer of information about space launches to China. In August 2002 Lockheed’s Tactical Systems Division agreed to pay the federal government $2.1 million to settle charges that it submitted fraudulent bills to the Navy for work on Trident Missiles. In January 2003 Lockheed agreed to pay $1.4 million to settle allegations that Loral Corp., which it acquired in 1996, had overbilled the Air Force on the F-15E Weapon System Trainer. In June 2003 Lockheed paid $7.1 million to settle charges that one of its units submitted fraudulent lease cost claims to NASA, for which it was doing work on the space shuttle program. In August 2003, Lockheed agreed to pay $37.9 million to settle charges that it inflated costs in several contracts for the U.S. Air Force. In January 2005 Lockheed Martin Missiles and Fire Control agreed to pay $1.4 million to resolve allegations of mischarging the U.S. Army in connection with its production and support contracts for the Multiple Launch Rocket System. In 2007 Lockheed agreed to repay the federal government $265 million plus interest in connection with overbilling for work on the F-35 Joint Strike Fighter.