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Company: Sierra Nevada Corporation
Current Parent Company:
Sierra Nevada
Parent at the Time of the Penalty Announcement:
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Penalty: $14,900,000
Year: 2017
Date: February 15, 2017
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Violation Description: Sierra Nevada Corporation paid $14.9 million to resolve allegations that it violated the federal False Claims Act when it knowingly misclassified certain costs, resulting in inflated overhead rates paid to it pursuant to various government contracts.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Eastern District of California
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Nevada
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: electrical and electronic equipment
Specific Industry of Current Parent: electronic systems
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.