Dell Technologies and Iron Bow Technologies Settle Overcharging Allegations

Date: Tuesday, October 2023
Source: Reuters

WASHINGTON – Dell Technologies (NYSE: DELL) and Iron Bow Technologies have agreed to pay over $2 million each to resolve allegations of overcharging the U.S. Army on a computing contract, according to the Justice Department.

• Dell's Settlement: $2.3 million
• Iron Bow's Settlement: $2.05 million

The allegations state that both companies violated the False Claims Act by submitting non-competitive bids to the Army, leading to overcharges under the Army Desktop and Mobile Computing contract.