AEROSPACE & DEFENSE
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Rockwell Settles Government Suit: A lawsuit accusing Rockwell International Corp. of overcharging on government contracts for a “smart bomb” will be settled with a $5.1-million payment, Rockwell announced. The government had sued Rockwell’s Duluth, Ga.-based Tactical Systems division under the False Claims Act, contending that it was cheated on contracts from 1984 to 1987. Division President Paul Smith said Rockwell settled to avoid the uncertainties and expense of a trial, not because it agreed with the government. The GBU-15 bombs were produced for the Air Force.
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