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Plummer Settles Army Suit over Parts

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PHILADELPHIA, Dec. 22 -- Plummer Precision Optics Co., now known as Blue Jaunte Co., will have to pay more than $875,000 in fines after admitting to shipping millions of dollars worth of defective parts to the military. Plummer, whose products include the sights for the M-1 tank, also admitted making false inspection reports. The company will also pay $2.3 million to the government to settle a separate civil lawsuit, according to the US Attorney's Office. Two former executives, Walter Lagger and Max Haskins, were expected to plead guilty in the next few days, prosecutors...Read full article

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    Published: December 2000
    defenseNews & Features

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