Defense contractor L3Harris Technologies will pay $62 million to settle allegations that it lied about the prices of equipment it sold to the U.S. military years earlier, the Justice Department said Thursday.
L3Harris was recently tapped to help modify a luxury Boeing 747 jet from Qatar’s royal family that President Donald Trump wants to use as a new Air Force One, CNBC reported earlier this month.
The settlement announcement came one day after the Pentagon formally accepted the airliner as a gift from the Qatari royal family.
“L3Harris is pleased to have been able to amicably resolve the matter referenced in the DOJ’s announcement,” the company said in a statement to CNBC.
“This matter, which dates back to 2006 - 2014, has been resolved without any admission of fault or liability.”
“We remain steadfast in our commitment to the integrity of the government procurement process and accurate cost and pricing data,” L3Harris said.
The company declined to say Thursday whether it still planned to do work on the next Air Force One.
FILE - A 13-year-old private Boeing aircraft that President Donald Trump toured on Saturday to check out new hardware and technology features, and highlight the aircraft maker’s delay in delivering updated versions of the Air Force One presidential aircraft, takes off from Palm Beach International Airport, Feb. 16, 2025, in West Palm Beach, Fla.
Ben Curtis | AP
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