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ASBCA Says Firm Can't Blame Contract Loss On Indictment

By Jimmy Hoover ( March 28, 2017, 2:35 PM EDT) -- A federal fraud indictment of Pyrotechnic Specialties Inc. did not influence the Army's decision to end Pyrotechnic's separate $7. 6 million contract to produce distress signals, the Armed Services Board of Contract Appeals has ruled, finding that the government based the termination on allegedly defective products. . . .

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