Home > Boards > US Listed > Miscellaneous > Lockheed Martin Corp. (LMT)

LMT accused of fraud by Justice Department. The

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
tw0122 Member Profile
Followed By 38
Posts 3,585
Boards Moderated 0
Alias Born 08/14/11
160x600 placeholder
Lockheed Martin Demonstrates Mature, Proven Radar Technology During U.S. Army's Sense-Off PR Newswire (US) - 6/18/2019 10:00:00 AM
Lockheed Martin Team Enhances Command and Control for Ballistic Missile Defense PR Newswire (US) - 6/18/2019 10:00:00 AM
Lockheed Plans to Renovate Arkansas Facility, Add Jobs Dow Jones News - 6/17/2019 1:34:00 PM
Lockheed Martin to Invest $142 Million in Arkansas Operations, Create More than 300 New Jobs PR Newswire (US) - 6/17/2019 12:32:00 PM
Fit For Success: Advanced Extremely High Frequency Satellite Encapsulated and Prepared for Launch PR Newswire (US) - 6/17/2019 12:07:00 PM
Lockheed Martin Achieves Successful Hypersonic Captive Carry Flight Test PR Newswire (US) - 6/17/2019 8:00:00 AM
Lockheed Martin Delivers 500ᵗʰ Electro-Optical Targeting System for F-35 PR Newswire (US) - 6/17/2019 7:00:00 AM
Littoral Combat Ship 21 (Minneapolis-Saint Paul) Christened and Launched PR Newswire (US) - 6/15/2019 4:15:00 PM
Chinese-Owned Company Makes Parts for F-35 Stealth Fighters -Sky News Dow Jones News - 6/14/2019 3:01:00 PM
iBASEt Collaborates with Amazon Web Services to Launch Manufacturing Platform for Aerospace & Defense Market PR Newswire (US) - 6/12/2019 9:00:00 AM
Defense Firms Face Shifting Priorities -- WSJ Dow Jones News - 6/12/2019 3:02:00 AM
Harris Corporation Delivers Navigation Payload for U.S. Air Force’s Seventh GPS III Satellite Business Wire - 6/11/2019 9:00:00 AM
Lockheed Martin Develops Advanced Visualization Training Tool for Apache Flight Line Maintainers PR Newswire (US) - 6/11/2019 9:00:00 AM
Lockheed Martin Delivers GPS III Contingency Operations (COps) Ground System Upgrade to Control More Powerful GPS Satellites PR Newswire (US) - 6/11/2019 8:07:00 AM
Defense Consolidation Continues as Spending Priorities Shift Dow Jones News - 6/11/2019 5:59:00 AM
Pentagon Official Says 'Handshake' Deal Will Lower the Cost of F-35s -Reuters Dow Jones News - 6/10/2019 4:04:00 PM
U.S. Outlines Plans to Eject Turkey from F-35 Fighter Jet Program -- Update Dow Jones News - 6/8/2019 5:18:00 AM
U.S. Warns Turkey on F-35 Program -- WSJ Dow Jones News - 6/8/2019 3:02:00 AM
U.S. Outlines Plans to Eject Turkey from F-35 Fighter Jet Program Dow Jones News - 6/7/2019 1:30:00 PM
Sikorsky Flies Black Hawk with Optionally Piloted Vehicle Technology PR Newswire (US) - 6/6/2019 8:02:00 AM
Specialized Disclosure Report (sd) Edgar (US Regulatory) - 5/24/2019 8:08:47 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/24/2019 8:03:30 AM
Lockheed Martin Recommends Stockholders Reject Mini-Tender Offer by Peer & Peri PR Newswire (US) - 5/24/2019 8:00:00 AM
U.S. Air Force's Space Fence Detects Debris from India Anti-Satellite Test PR Newswire (US) - 5/22/2019 11:00:00 AM
Lockheed Martin Chairman, President and CEO to Speak at Bernstein's Annual Strategic Decisions Conference PR Newswire (US) - 5/22/2019 9:05:00 AM
tw0122   Sunday, 02/10/19 07:40:46 AM
Re: None
Post # of 303 
LMT accused of fraud by Justice Department. The lawsuit alleges that Lockheed Martin Corporation (LMC) and Lockheed Martin Services Inc. (LMSI) paid more than $1 million to executives of MSA – which was conveniently co-owned by another Lockheed subsidiary at the time – in order to secure a $232 million subcontract to provide management and technology support at the Washington state nuclear site from 2010-2016.

The services were provided at “inflated rates” and in some cases the DOE was even billed twice, by both MSA and Lockheed, for the same work. In addition, the suit accuses Jorge Francisco Armijo, who served as both the Vice President of LMC and President of MSA, of abusing his authority for financial gain by his simultaneously held posts.

More radiation accidents ‘likely’ if Hanford funding cut – Energy Dept official
“Where Congress has allocated money for specific purposes, we will not tolerate unlawful conduct by contractors who seek to enhance their profits at the expense of taxpayers,” said Assistant Attorney General Jody Hunt of the Department of Justice’s Civil Division.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist