WASHINGTON (Sputnik) — The US aerospace and defense technology corporation Lockheed Martin will pay $2 million in fines for overcharging the US government, the US Attorney’s Office in Northern District of Georgia said in a statement.
“Lockheed Martin Corporation has agreed to pay $2 million to settle allegations that it overbilled the government for fuel it used while manufacturing C-130 aircraft for the United States Air Force,” the statement, issued on Friday, said.
Lockheed manufactured C-130s for the US Air Force Between 2006 and 2013, and the US government provided the company with up to 22,000 gallons of fuel per aircraft, according to the statement.
The fuel could be used for the engine runs, fuel operations and test flights necessary to manufacture C-130s, the US Attorney’s Office specified.
Lockheed Martin was financially responsible for any additional fuel required, however, the government’s investigation found that the corporation used fuel in excess of the limit, but failed to reimburse the government.
“The resources of the United States Government are limited and must be protected,” the statement said.
The Lockheed Martin Corporation, founded in 1995, is headquartered in the US state of Maryland and receives about 75 percent of its revenue from military sales, according to the Stockholm International Peace Research Institute.
