Bell Helicopter Textron, Inc. Settlement Additional $3.7 Million
On March 26, 2010, the U.S. Department of Justice announced that Bell Helicopter Textron, Inc. (“Bell”) will pay the United States an additional $3,718,770 to resolve several claims arising from cost charging practices on its contracts with the U.S. government. This additional amount brings the total money to be paid by Bell to $16,570,018.
These payments stem from overcharges from various contracts whereby Bell supplied helicopters and parts, modifications, customization, and other goods and services to the Army and other government agencies. Bell initially reported certain overcharges to the Department of Defense Inspector General in 2004, but then subsequently supplemented its disclosure with additional reports detailing overcharges which ultimately resulted in the additional $3.7 million. This matter was investigated by the Procurement Fraud Task Force which is comprised of U.S. Attorneys’ offices, the F.B.I., the U.S. Inspectors General community and other federal law enforcement agencies.
More information can be found at: http://www.justice.gov/opa/pr/2010/May/10-civ-617.html