Austal USA LLC, headquartered in Mobile, Alabama, has agreed to pay $811,259 to settle allegations of violating the False Claims Act by knowingly providing valves that did not adhere to military specifications.The settlement pertains to a 2011 Navy contract and asserts that Austal billed for military-grade high-performance butterfly valves and triple offset butterfly valves installed on five Independence Class Littoral Combat Ship (LCS) hulls, despite being aware that the valves had not passed the necessary testing standards to qualify as military grade, according to the U.S. Department of Justice.The material has been provided by InstaForex Company – www.instaforex.com
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