FINDLAY, Ohio Former automotive executive Tyrone Michael (T.J.) Jordan has joined Cooper Tire & Rubber Co.'s board of directors, effective Jan. 10.
Mr. Jordan formerly was president and chief operating officer of Dura Automotive Systems, an automotive supplier of electric/hybrid systems,…
By Saturday, there will be at least 10,000 Guardsmen in Washington, D.C., to boost security, with as many as 15,000 authorized if needed, National Guard Bureau Gen. Daniel Hokanson said Monday.
That’s an increase from the roughly 6,200 Guardsmen from six states and the District already mobilized after the Capitol riots.
The authorization of extra troops follows requests from the Secret Service, Capitol Police and Park Police “to support security, logistics, liaison, & communication missions,” Hokanson said in a statement.
“As always, our first priority is to protect people and property. The National Guard looks forward to working with our district and federal partners to ensure a peaceful inauguration for President Elect Biden on January 20th.”
Massachusetts-based defense manufacturer Raytheon Technologies Corp. paid more than $515,000 in a civil settlement to the U.S. government for violating a deal to only use American-made products for contract work.
Raytheon last year underwent a $180-billion merger deal with the now-defunct United Technologies Corp. According to U.S. Attorney John Durham, UTC and subsidiary Hamilton Sundstrand Corp. violated the Buy American Act in government contracts between 2006 and 2015, when the companies allegedly sold the U.S. government various goods manufactured in Romania. The government contends that the certifications and invoices submitted to the government and to the third-party supplier were false claims for payment pursuant to the False Claims Act, a statement from Durham s office said.
But it is a practice blasted by progressive Democrats and other critics of the Pentagon’s so-called revolving door, and is an issue likely to be raised during Austin’s Senate Armed Services Committee confirmation hearing next week.
Austin took a board seat at United Technologies Corp. shortly after he retired from the military in 2016. He became a board member at Raytheon after it merged with United Technologies in 2020.
As part of his compensation, he was given stock at Raytheon, as well as at two spin-off companies from the merger Otis Worldwide Corp. and Carrier Global Corp.
The exact value of his payout when he divests his stock will be based on the closing value on the date of his resignation, according to the ethics disclosure.
Raytheon Technologies and subsidiary Hamilton Sundstrand have agreed to pay the government about $500,000 to settle allegations that the companies violated domestic preference laws by falsely certifying that manufactured materials it purchased in Romania were actually were of U.S. origin.