Lockheed to Pay $5 Million in Probe

Lockheed Martin Corp. will pay the U.S. government $5 million to settle claims that two subsidiaries overcharged the Navy for anti-submarine devices. The government paid between $1.8 million and $3.8 million too much for products from Nashua, N.H.-based Sanders, a Lockheed Martin company, and Georgia-based Lockheed Martin Aeronautics Co.-Marietta, said U.S. Atty. Paul Gagnon. Sanders spokesman John Measell said the investigation centered on work performed for the Navy from 1989 to 1993. The products in question were made for S-3B Viking anti-submarine warfare aircraft.