Lucas to write off nearly 100 million pounds, pay $88 million
Lucas Industries agreed to pay the government $88 million to settle a civil lawsuit stemming from the discovery of faked gearbox parts tests on U.S. Navy contracts, a move that will force write-offs against profits totalling some $146 million when the fiscal 1994/1995 results are posted next week....
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
