HARTFORD, Conn. (AP) — A federal court order that United Technologies Corp. pay $473 million plus interest to compensate for alleged fraud in its sale of fighter jet engines could cut into revenue and profit, the aerospace giant said in a regulatory filing.
Judge Thomas M. Rose of the U.S. Southern District Court of Ohio issued the order on Monday. The Department of Justice had accused United Technologies subsidiary Pratt & Whitney of violating the False Claims Act, resulting in alleged overpayments for F100 jet engines from 1985 to 1990.
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