Defense Contractor Fined

[sabra]

Source: AP

Columbia, S.C. --

A South Carolina defense contractor has agreed to pay the U.S. government more than $1 million to resolve fraud allegations related to a contract with the Defense Department.

U.S. Attorney Bill Nettles said Wednesday the Defense Department paid nearly $435,000 to Columbia-based FN Manufacturing LLC to mentor minority-owned companies. But the government says FN never provided some of the mentoring and contracted out some of theservices, an action that violated the company's contract.

FN is a subsidiary of FN Herstal of Belgium. The company makes the popular M-16 rifle, which is carried by almost every soldier.

Read more: http://www2.wspa.com/news/2010/aug/04/defense-contractor-fined-ar-661483/

[tomm2thumbs]

1. drop. insert. bucket.

[bossy22]

2. ummm...i dont think they make the M-16

i thought colt had the contract on that

[hack89]

4. They share production with Colt

The M16 rifle is principally manufactured by Colt and Fabrique Nationale de Herstal (under a U.S. military contract since 1988 by FNH-USA; currently in production since 1991, primarily M16A2, A3, and A4)

http://en.wikipedia.org/wiki/M16_rifle

[AlbertCat]

3. Right after they pay the fine, they'll get a new multi-million $$$ contract!