Source: Benzinga

Navistar: Lawsuit Claims Navistar Inflated Prices, Cheated Government On Price Of Military Vehicles

Navistar International Corp (NYSE: NAV) is accused in a newly unsealed whistleblower lawsuit of cheating the government of more than $1 billion by inflating the cost of military vehicles.The lawsuit, filed in 2013 but unsealed by the U.S. District Court in Washington, D.C. on Tuesday, seeks $1.28 billion in damages and alleges Navistar officials forged invoices and other data in negotiations over a contract for its Mine-Resistant, Ambush-Protected vehicles, or MRAPs, between 2006 and 2013.The complaint alleges Navistar overcharged the government for the vehicles and their parts. The suit alleges top company officials were aware of the efforts to ...Full story available on Benzinga.com

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Based on data from Navistar's latest SEC filings

Annual Revenue

Based on data from Navistar's latest SEC filings

Employees

Troy Clarke's photo - President & CEO of Navistar

President & CEO

Troy Clarke

CEO Approval Rating

77/100

Navistar manufactures and markets commercial, military trucks, buses, diesel engines and recreational vehicles.

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