Teledyne will pay more than $1.5 million to settle allegations it supplied electronic parts to the Navy that deviated from specifications, a violation of the False Claims Act (FCA). But its cooperation with prosecutors earned it a credit, according to the U.S. Department of Justice (DOJ).
The alleged problems occurred with parts Teledyne Electronics Safety Products included in components it manufactured for the Navy from November 2011 to June 2012. The Teledyne components were used in digital recovery sequencer units, which in turn were used in building ejection seat systems in military aircraft.
