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Business/Financial

Lockheed Leads With 50 Allegations Of Misconduct Since 1997: POGO

DDN

Monday, May 4th, 2009

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Lockheed Martin Corp. [LMT], the largest defense contractor receiving $34.2 billion in contracts in fiscal 2007, also led the pack in instances of misconduct, according to the Project on Government Oversight (POGO), a nonprofit non-government organization. According to the private watchdog agency, since 1995, Lockheed was cited for 50 instances of civil, criminal, or administrative misconduct, the most of any contractor. The company was assessed penalties totaling $577 million during that time, according to POGO. Other companies in the POGO…

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