- Associated Press - Monday, October 27, 2014

BOULDER, Colo. (AP) - A Boulder-based company that makes antenna and radio systems has paid $10 million to settle allegations that it submitted inflated prices for equipment it sold to the Army.

The Justice Department said Monday that First RF Corporation violated the False Claims Act in a 2005 Army contract that included the sale of 6,900 antennas and related parts. The equipment was used to combat improvised explosive devices.

The Daily Camera reports (https://bit.ly/1yG1n78 ) the company was accused of falsifying the costs of manufacturing the antennas, thereby inflating their price.

First RF says the claims were made years after the antennas were used to combat IEDs in Iraq, and the company provided substantial evidence against the allegations. Company officials say they decided to settle rather than spending millions of dollars on an ongoing legal battle.

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Information from: Daily Camera, https://www.dailycamera.com/

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