Bell Helicopter Textron Inc. to Pay U.S. an Additional $3.7 Million for Overcharges

Bell Helicopter Textron Inc. will pay the U.S. an additional $3.7 million to resolve civil claims regarding overcharges to the U.S. government, bringing their total settlement to $16, 570,018. 

The Army and other government agencies contract with Bell to buy helicopters and related goods and services.  In 2004 the company notified the Defense Department’s Inspector General that its billing of certain transactions with its subsidiaries, divisions, and affiliated companies had resulted in the government being overcharged.  In 2006 Bell submitted a report disclosing its conduct and financial impact, and paid the government $12.9 million.

Bell later submitted additional reports detailing similar transactions with Bell Helicopter Textron Canada Limited that also resulted in overcharges.  The company has agreed to pay an additional $3.7 million to resolve claims that the U.S. may have as a result of this conduct. 

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