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United Technologies Corp Told To Pay $473 Million To U.S. In Lawsuit-Reuters

Tuesday, 18 Jun 2013 11:35am EDT 

Reuters reported that a federal judge has ordered United Technologies Corp to pay $473 million plus interest for manipulating costs to win U.S. Air Force jet engine contracts in the 1980s. The ruling by U.S. District Judge Thomas Rose in Dayton, Ohio, was issued June 17, 2013 for a 1999 lawsuit in which the Department of Justice sought reimbursement for overcharges by United Technologies subsidiary Pratt & Whitney. 

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-1.37 -1.17%
19 Dec 2014