Sikorsky Support Services and Derco Aerospace settle $70m claim for overcharging US Navy on spare parts.

Sikorsky Support Services Inc. and Derco Aerospace Inc., subsidiaries of Sikorsky Aircraft, have agreed to pay $70m to settle claims they overcharged the US Navy for spare parts used in training Navy pilots. The subsidiaries allegedly entered an illegal cost-plus-percentage contract, inflating the price of the spare parts by 32%. The settlement resolves a whistleblower suit filed in Wisconsin.

June 21, 2024
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