July 31, 1995 Rockwell International
Rockwell International has agreed to pay $27 Million Dollars to settle allegations the company knowingly failed to provide accurate, complete and current information in negotiating multi-billion dollars contracts with the government. The allegations included claims that Rockwell failed to tell the government that changes in its corporate costs and a change in California law reduced the company’s cost of doing business. These cost reductions were not passed on to the government, despite Rockwell’s specific contractual obligations to do so. Rockwell, based in Seal Beach California, was awarded two contracts totaling $4.4 Billion Dollars in 1982.
See U.S. Dept of Justice Press Release 7/31/95