A defense contractor is paying more than $1 million to settle claims that it stole a competitor’s bid information.
Prosecutors said a worker at Colorado-based Paragon Dynamics stole entire drafts of proposals from the Massachusetts company Raytheon.
Security cameras at the Raytheon facility captured him faxing the documents to the president of Paragon. The two companies were bidding for National Reconnaissance Office contracts. That’s the agency that oversees intelligence satellites.
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Tom Temin is the host of The Federal Drive, which airs from 6-9 a.m. on 1500 AM in the Washington, DC region and online everywhere. Tom has 30 years experience in journalism, mostly in technology markets. Before coming to Federal News Radio, he was a long-serving editor-in-chief of Government Computer News and Washington Technology magazines.