July 17, 1995  Israel Aircraft Industries Inc.

Israel Aircraft Industries Inc. has agreed to pay $8.5 Million Dollars to settle allegations that the firm knowingly submitted false cost data in negotiating several contracts to maintain and provide support for Israeli Kfir aircraft leased to the U.S. Navy. The U.S. Justice Department announced that the settlement resolves the company’s potential liability under the False Claims Act, the Truth in Negotiations Act and common law.

See U.S. Dept of Justice Press Release 7/17/95

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