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News Breaks
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October 7, 2009
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| 12:48 EDT |  | WGOV |
| theflyonthewall.com: | Woodward Governor enter into agreement with DoD | | Woodward Governor Company and MPC Products Corporation, or MPC, a wholly owned subsidiary acquired by Woodward in October 2008, have entered into an administrative agreement with the U.S. Department of Defense, or DoD. The administrative agreement is related to the previously announced investigation by the U.S. Department of Justice of MPC’s pre-June 2005 government contract pricing practices. The administrative agreement lifts the previously announced government contracts suspension of MPC, which began on July 8, 2009, and permits MPC to again bid, receive and perform on U.S. government contracts. The three-year administrative agreement requires, among other things, that Woodward and its affiliates, including MPC, implement certain enhancements to existing ethics and compliance programs and make periodic reports to the DoD. :theflyonthewall.com |
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