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AAR Corporation Agrees to Pay $11 Million to Settle False Claims Act Allegations on Aircraft Maintenance Contract

AAR Corporation Agrees to Pay $11 Million to Settle False Claims Act Allegations on Aircraft Maintenance Contract Details Written by Justice Department Washington, DC - AAR Corp., located in Wood Dale, Illinois, and its subsidiary, AAR Airlift Group Inc. (Airlift), located in Melbourne, Florida, have agreed to pay the United States $11,088,000 to resolve False Claims Act allegations in connection with aircraft maintenance services performed by Airlift on two U.S. Transportation Command (TRANSCOM) contracts.  The allegations involve helicopters that Airlift owned and maintained for use in transporting Department of Defense (DoD) cargo and personnel in support of DoD missions in Afghanistan and Africa. The settlement resolves allegations that Airlift knowingly failed to maintain nine aircrafts in accordance with contract requirements, and that because of this failure, the helicopters were not airworthy and should not have been certified by Airlift as

Volatility ETFs Spike as Economic Concerns Fuel Market Fear

Volatility ETFs Spike as Economic Concerns Fuel Market Fear July 8, 2021 The CBOE Volatility Index hit its highest level in over two weeks Thursday, as equity markets reeled and investors turned risk off in face of growing concerns over the market’s economic outlook. On Thursday, the “What you’re seeing now is risk aversion as uncertainty and fear starts to take over,” Christopher Harvey, head of equity strategy at Wells Fargo Securities, told the Wall Street Journal. “You have less liquidity because of the holiday weekend, you have a pre-earnings period where basically everything is quiet, and everyone turns to the macro [landscape], which isn’t great. And there is no indication that the slide in bond yields is going to abate in the short term.”

Wall Street Under Pressure with Economic Recovery Concerns, Dow Jones Slides 260 Points

Wall Street Under Pressure with Economic Recovery Concerns, Dow Jones Slides 260 Points
coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.

False Claims Act case against military contractor settles for $9 million; $2 1 million for whistleblower

False Claims Act case against military contractor settles for $9 million; $2 1 million for whistleblower
madisonrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from madisonrecord.com Daily Mail and Mail on Sunday newspapers.

HeliHub com : AAR to pay $11M to settle False Claims Act allegations, plus $429K to FAA

HeliHub com : AAR to pay $11M to settle False Claims Act allegations, plus $429K to FAA
helihub.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from helihub.com Daily Mail and Mail on Sunday newspapers.

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