Defense Contractor Will Pay $25 Million For Fraud

CHICAGO — A defense contractor has agreed to pay a fine and damages totaling $25 million to resolve allegations that it overcharged the government for more than a decade, federal prosecutors announced Thursday.

MPC Products Corp., a Skokie-based manufacturer and supplier of parts used in fighter jets, helicopters and other military systems, will plead guilty to a single count of wire fraud and pay a $2.5 million fine plus $22.5 million in civil damages, the U.S. attorney's office said.

It said taxpayers lost millions of dollars as a result of the fraud. LinkHere