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Court orders UTC to pay nearly $1 billion fine for F-16 jet engine overcharges

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Fourteen years after charges were first filed, federal contractor United Technologies Corporation has been ordered to pay almost $1 billion in misconduct fees to the government. The original lawsuit from March 3, 1999, by the Department of Justice, accused UTC's Pratt & Whitney Division of overcharging the Air Force for jet engines by approximately $75 million. The contract was in force...

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