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$2.04M Settlement: Honeywell Aerospace Pays Out Over False Military Aircraft Parts Claims
Honeywell Aerospace has agreed to pay $2.04 million to settle False Claims Act allegations.
The settlement was reached after an investigation found that Honeywell had submitted false claims for reimbursement from the US government related to its sale of spare parts and repair services for military aircraft.
The company will pay the sum as part of a settlement agreement with the US Department of Justice, according to a report by TipRanks.