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Navy to Keep Rocket Launcher Supplier After Indictment
The Navy will maintain its contract with Chromcraft Alsco, the sole 2.75 inch rocket launcher supplier since 1962, despite a federal grand jury indictment accusing Chromcraft Alsco and four executives of funneling over 3 million dollars through sham subcontractors to Swiss banks and taking kickbacks totaling about 663 thousand dollars.
MENTIONED IN THIS ARTICLE
Washington
Navy
Chromcraft Corp
Alsco Inc
St. Louis
Andrew L. Stone
Alsco
Francis N. Rosenbaum
Evelyn R. Price
Stone
Robert B. Bregman
Bregman Electronics Inc
New York City
Chromcraft
House Appropriations Committee
Associated Press
Justice Department
Scientific Electronics Ltd
Western Molded Fibre Products Inc
Gardena
Calif