SFE Remains Eligible for Defense Contracts

SFE Technologies in San Fernando said it remains eligible to receive defense-related contract awards because the Pentagon has ended so-called debarment proceedings against the company.

SFE, a maker of capacitors and other electronic components, had disclosed in January that the Defense Department’s Defense Logistics Agency had begun the debarment effort, which could have blocked SFE from getting any federal contracts for up to three years. At the time, SFE said 60% of its sales were related to government contracts.

The agency primarily cited SFE’s ownership of West-Cap Arizona, which had pleaded guilty in April, 1990, to improper testing of components, said Jerome J. Jahn, SFE’s executive vice president.

However, SFE sold West-Cap Arizona’s assets at about the same time the debarment proceedings began, and the company has since reached an agreement with the agency that cleared the way for the proceedings to be dropped, Jahn said. He declined to elaborate on the agreement.

Separately, SFE announced that its president and chief operating officer, Michael Rosenberg, has also assumed the position of chief executive officer of the company.