Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!americast-post Newsgroups: americast.latimes.money From: americast-post@AmeriCast.Com Organization: American Cybercasting Approved: americast-post@AmeriCast.com Subject: DEFENSE Date: Wed, 11 Nov 92 11:08:11 EST Message-ID: HEADLINE: DEFENSE Publication Date: Tuesday November 10, 1992 BYLINE: Teledyne Pays $17.5-Million Fine: Teledyne Industries paid a $17.5-million criminal fine for falsifying tests on electronic switches, a fine U.S. Atty. Terree A. Bowers called the largest ever imposed for defense fraud. Teledyne pleaded guilty to 35 counts of preparing and submitting false statements on tests of relays from its Teledyne relays division in Hawthorne. The parts are used in a wide range of advanced weapons and spacecraft, including the space shuttle. The Los Angeles-based company remains a defendant in a federal lawsuit over the falsified tests, a suit seen as a gauge of how far the government will go in a case that could gravely wound a big military contractor. The False Claims Act suit seeks about $1 billion from Teledyne. This article is copyright 1992 The Los Angeles Times Home Edition. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM