An L-3 Communications Holdings Inc. (LLL) unit agreed to pay $4 million to the U.S. government in a settlement over overbilling claims by the U.S. Army for hours worked to support military operations in Iraq.
The settlement with company subsidiary L-3 Vertex Aerospace involved allegations that L-3 submitted false time records and inflated claims of hours worked by the company's employees at Camp Taji in Iraq from March 2004 through August 2005, according the Justice Department.
TVNL Comment: What a joke... it's not "overbilling" - it's grand larceny.