November 25, 1998 Textron Aerostructures
Textron Aerostructures, a former subsidiary of Textron Inc. has agreed to pay nearly $10 Million Dollars to settle claims asserted in a qui tam action filed by William F. Manier, a retired employee of Textron. The allegations of the case were that the company inflated costs in its proposals for two subcontracts, by fraudulently withholding information from government negotiators regarding significant reductions in projected labor which the company later realized costs during production. The subcontracts at issue were for the production of 82 wing sets for the B-1B Bomber.
As part of the settlement, Mr. Manier will receive over $1.7 Million Dollars for having filed the qui tam case.
See U.S. Dept of Justice Press Release 11/25/98