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Company: Lockheed Martin Corporation
Current Parent Company:
Lockheed Martin
Parent at the Time of the Penalty Announcement:
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Penalty: $37,900,000
Year: 2003
Date: August 27, 2003
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Mega-Scandal:
Federal Contractor Abuses
Violation Description: Lockheed Martin Corporation agreed to pay the United States $37,900,000 to resolve allegations that it inflated the cost of performing several Air Force contracts.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Division
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Maryland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: aerospace and military contracting
Specific Industry of Current Parent: aerospace & military contracting
Source of Data:
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Archived Source:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.
