What were the two Lockheed Martin subsidiaries involved in the settlement?
The two Lockheed Martin subsidiaries involved in the settlement were Lockheed Martin Integrated Systems and Lockheed Martin Aircraft & Logistics Centers.
How much money did the subsidiaries agree to pay the federal government?
The subsidiaries agreed to pay $70 million to the federal government for overcharging the Navy for aircraft parts.
What was the reason for the overcharging of the Navy for aircraft parts?
The reason for the overcharging was that the subsidiaries allegedly inflated the prices of the parts they supplied to the Navy.
What consequences did the subsidiaries face as a result of the settlement?
As a result of the settlement, the subsidiaries had to pay a significant amount of money to the federal government and likely faced reputational damage due to the overcharging allegations.