AEROSPACE
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Fairchild Settles Testing Claims: Fairchild Corp. agreed to pay the government $330,000 to settle claims it sold untested or improperly tested aerospace fasteners to the military, the Justice Department said. The deficient testing occurred at plants in Santa Ana, Torrance and New Jersey. Fairchild, based in Chantilly, Va., told the Defense Department about the fasteners in 1990; there were no reports that any failed. The settlement is not related to Fairchild’s payment of $18 million in criminal fines and civil penalties in 1991, after it pleaded guilty to charges that workers at its Voi-Shan plant in Chatsworth falsified and omitted test results for aerospace nuts and bolts.
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