NASA SAYS FRAUD BY OREGON COMPANY CAUSED $700 MILLION IN LOSSES AND 2 SATELLITE FAILURES

The Seattle Times on 1st May reported that a metals manufacturer faked test results and provided faulty materials to NASA, causing more than $700 million in losses and 2 failed satellite launch missions, according to an investigation.  It said that Portland company Sapa Profiles (now known as Hydro Extrusion Portland) falsified thousands of certifications for aluminium parts over 19 years for hundreds of customers, including NASA.  Norsk Hydro ASA, the current parent company of Sapa, had agreed to pay $46 million to NASA, the DoD and others to resolve criminal charges and civil claims related to the fraud, which took place from 1996 to 2015.

https://www.seattletimes.com/business/nasa-says-metals-fraud-caused-700-million-in-losses-two-satellite-failures

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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