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Business/Financial

Lockheed Martin Coughs Up $5 Million In Paducah Whistleblower Settlement

Monday, February 29th, 2016

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Lockheed Martin Coughs Up $5 Million In Paducah Whistleblower Settlement

The Paducah Gaseous Diffusion Plant . Photo: U.S. Department of Energy.

Lockheed Martin [LMT] paid $5 million to settle whistleblower allegations the company mishandled nuclear waste at the Paducah Gaseous Diffusion Plant near Paducah, Ky., a uranium enrichment facility the company once operated for the U.S. government for about 15 years, the Department of Justice said Monday.The government’s lawsuit alleged Lockheed Martin violated a key 1976 law about hazardous waste management “by failing to identify and report hazardous waste produced and stored at the facility, and failing to properly handle and…

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