BAE Systems to pay $36m penalty after 104 violations of US arms export rules

#Systems #State #Department #Thursday #Arms
BAE Systems to pay $36m penalty after 104 violations of US arms export rules

State department says it has reached administrative settlement with company’s US arm to resolve breaches The UK defence company BAE Systems is to pay a $36m (£26.7m) civil penalty after breaching US arms exports regulations more than 100 times. The US Department of State announced on Thursday that it had reached an administrative settlement with the US arm of BAE to resolve 104 violations of the Arms Export Control Act and the International Traffic in Arms Regulations. Continue reading...

The UK defence company BAE Systems is to pay a $36m (£26.7m) civil penalty after breaching US arms exports regulations more than 100 times.

The US Department of State announced on Thursday that it had reached an administrative settlement with the US arm of BAE to resolve 104 violations of the Arms Export Control Act and the International Traffic in Arms Regulations.

The breaches included the unauthorised exports of technical data to multiple countries, including China, and violations of directorate of defense trade controls authorisations involving various countries.

BAE voluntarily disclosed all but one of the alleged violations, which helped it avoid a higher penalty. It also persuaded the state department to suspend half of the penalty, on the condition that the $18m was used to strengthen BAE’s compliance programme.

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