Defense contractor Northrop Grumman Corp. said Tuesday that it had agreed to pay $62 million to settle fraud charges brought by two whistle-blowers over work it did on the B-2 stealth bomber and other government contracts.
The settlement ends a 15-year-old civil suit first brought by four former Northrop Grumman workers in Illinois. Two of those plaintiffs later dropped out of the case. The lawsuit, first filed in 1989, was scheduled for trial in June.
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The third-largest U.S. defense contractor was facing a possible total judgment of $1.11 billion in the case.
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The government will pay $12.4 million of the settlement to two former Northrop employees who first brought the charges.
LA Times
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