Indal to pay $3.5 million to settle U.S. allegations: Justice Department
WASHINGTON (Reuters) – Indal Technologies, a unit of Curtiss-Wright Corp (N:), has agreed to pay $3.5 million to resolve allegations that it knowingly sold defective military equipment to the U.S. Navy, the U.S. Justice Department said on Monday.
Indal allegedly sold defective helicopter landing systems designed for U.S. Navy destroyers, the department said.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source : Reuters Link