Defense Contractor Fraud Statistics
National defense spending accounts for a sizeable portion of the U.S. budget. Every year, billions of dollars go to various defense contractors for their services and products. The highest-paid contractors in the nation work to develop fighter jets and other expensive aeronautics solutions, but there are also contractors who supply men, communication devices, and other such important items.
According to a report from the Project On Government Oversight, or POGO, these contractors have repeatedly committed costly violations of their contracts. If you are aware of defense contractor fraud against the government, contact the defense contractor fraud lawyers of Tycko & Zavareei, LLP, by calling 202-973-0900
Contractor Fraud among Defense Contractors
In current times, the majority of the highest-paid contractors in the United States work to strengthen national security and the U.S. Armed Forces. Unfortunately, many of these contractors have been caught violating the terms of their contract with the United States government multiple times. Out of the top ten contractors, only one, a non-defense contractor, did not have a violation on record since 1995.
Since 1995, the top contractors in the United States have been responsible for the following instances of contractor fraud or misconduct:
- Lockheed Martin – $590 million in misconduct
- Boeing Company – $1.5 billion in misconduct
- Northrop Grumman – $845 million in misconduct
- General Dynamics – $78 million in misconduct
- Raytheon Company – $479 million in misconduct
Defense contractors provide important services for the federal government, but they can also be responsible for substantial costs due to fraudulent behaviors.
Contact Us
If you have information regarding a fraudulent act by a government contractor, we may be able to help you. For more information regarding your legal options in these instances, contact the qui tam attorneys of Tycko & Zavareei, LLP, at 202-973-0900.
