BUSINESS
February 6, 1993 | From Times Staff and Wire Reports
Defense Agency Proposes Ban on Teledyne Relays: The Defense Logistics Agency proposed a contract debarment of the Hawthorne-based unit in connection with parent company Teledyne Inc.'s guilty plea last November to charges of submitting false test reports on high-reliability switches made for the military. Teledyne pled guilty to 35 counts of fraud and agreed to pay $17.5 million in criminal fines in that case. Teledyne Relays has been suspended from federal contracting since October.
BUSINESS
January 18, 1998 | GARY COHN, BALTIMORE SUN
The Defense Department is creating a high-level panel to review the Navy's troubled ship-scrapping program, which has harmed workers and polluted waters at ports around the United States. The panel, which will be headed by a senior department official and include representatives from at least six government agencies, is expected to examine a broad range of safety, environmental and public policy issues and make recommendations in 60 days on reforming the ship-scrapping program.
BUSINESS
February 3, 1987 | RALPH VARTABEDIAN, Times Staff Writer
A series of cases in which TRW overcharged the government on military work has prompted a high-level Pentagon review that could lead to the firm being suspended from obtaining new defense contracts. The Defense Logistics Agency, a contracting arm of the Defense Department, has assigned a review of TRW to its contracting integrity division, which has the authority to suspend a contractor for ethical violations, The Times has learned.
BUSINESS
January 31, 1991 | DEAN TAKAHASHI, TIMES STAFF WRITER
In an unusual action, a Defense Department agency is demanding that the government receive a portion of an over-funded pension plan used by Loral Corp. in acquiring a Newport Beach defense firm from Ford Motor Co. last October, an agency spokeswoman said Wednesday. The Defense Logistics Agency, which oversees Pentagon contracts, asked in a letter dated Jan. 8 that Loral Aerospace, formerly Ford Aerospace Corp.
BUSINESS
March 4, 1987 | RALPH VARTABEDIAN, Times Staff Writer
A former high-level executive at TRW will testify before a congressional panel Thursday that the aerospace firm's "poorly designed and overly complex" accounting policies were to blame for overcharges on government defense contracts. Robert L. North, a senior corporate officer of TRW, was fired last December when the company discovered that a unit under North's control had overcharged the Pentagon $2.5 million on military electronics contracts.
NATIONAL
November 17, 2009 | Richard Fausset
A Kuwait-based company that is the principal food supplier to the U.S. military in Iraq has been indicted on charges that it defrauded the U.S. government in a series of alleged schemes that, by one account, have cost American taxpayers more than $1 billion. The six-count criminal indictment was unsealed Monday in U.S. District Court in Atlanta against the company, Public Warehousing Co., or PWC, which in 2006 changed its name to Agility. Among other things, the complaint accuses the company of filing false invoices, failing to pass discounts along to the federal government, and asking vendors to decrease the amount of products in their packages "for no reason other than to charge the United States more for the same amount of product."