GE - General Electric Agrees To $9.4M Settlement Over Military Part Inspections: Report | Benzinga
General Electric Co (NYSE: GE) has reportedly settled with the federal government, agreeing to a $9.4 million payment over claims that a Massachusetts plant sold parts to the U.S. Army and Navy that were not properly inspected or did not meet specifications.
The agreement with the U.S. Department of Justice addresses accusations that GE Aerospace's Lynn facility neglected crucial inspections and sold engine parts containing inappropriate metallic fragments to the U.S. Army and Navy, reported Reuters.
The investigation reportedly unearthed that the absence of proper ...