Politics & Government

December 1, 2011 6:47 AM

Aerojet, GenCorp pay $3.3M to government to settle fraud case

Rancho Cordova-based rocket-maker Aerojet and parent GenCorp Inc. have paid $3.3 million to the federal government to settle an investigation into corporate costs. Benjamin Wagner, the U.S. attorney based in Sacramento, said the payment settled allegations that Aerojet fraudulently included unallowable costs in calculating overhead rates, resulting in overpayments under government contracts.

Related content

Suggested for you



Politics & Government Videos