COVID Stimulus Watch Individual Entry
Recipient Company:
SPD ELECTRICAL SYSTEMS, INC
Contract Amount:
$843
Recipient Details
Ownership Structure: publicly traded (ticker symbol LHX)
Facility Street Address: 13500 ROOSEVELT BLVD
Facility City: PHILADELPHIA
Facility State: PA
Facility Zip Code: 191164201
Facility Congressional District: PA-2
Facility NAICS Code: 336390 : Other Motor Vehicle Parts Manufacturing
Award Details
Award Date: Aug 25, 2020
Award Type: contract
Award Details: Some contracts are funded with emergency and non-emergency funds. The award amount listed here represents only emergency funding for the contract. The total value of the contract may be higher. Award Description: BEARINGS, PLAIN, UNMOUNTED
Program Name: Federal Contracts Funded by COVID-19 Relief Funds
Legislation: CARES
Awarding Agency: Defense Department
Data Source for Award:
https://www.usaspending.gov/search/?hash=25e8378bc443646cf2b174d65218b2ca
Parent Company Data
Parent Company: L3Harris Technologies
Headquartered in: Florida
Parent Sector: aerospace and military contracting
Parent Industry: aerospace & military contracting
Employees (prior to pandemic): 50,000
Accountability Issues Since 2010
Employment-related Penalties: $5,852,443
Government-contracting-related Penalties: $30,230,000
Environmental / Healthcare / Safety Penalties: $212,701
Consumer Protection / Financial / Competition-related Penalties: $14,700,000
Ratio of CEO Pay to that of Median Worker: 269 to 1
CEO Compensation: $15,745,630
Worker Median Pay: $58,426
Total Federal, State, and Local Subsidies: $83,821,390
Federal Corporate Income Tax Rate: 4.9%
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