Dell, Iron Bow Reach $4.3 Million Settlement Over Claims Firms Overcharged Army

Prosecutors said the technology companies ran a scheme to fix bids and overcharge the army through a computing contract.

The logo of Dell Technologies is pictured at the Mobile World Congress (MWC) in Barcelona, Spain, on Feb. 27, 2018. Pau Barrena/AFP via Getty Images

Dell Technologies and Iron Bow Technologies will pay more than $2 million each to settle claims by the U.S. government that the firms overcharged the Army on a computing contract, the Department of Justice (DOJ) announced on Tuesday.

Dell Technologies Inc. and Dell Federal Systems L.P. (collectively known as Dell) agreed to pay $2.3 million to resolve the allegations while Iron Bow Technologies will pay $2.05 million for its alleged role in the scheme, the DOJ said.