News

Boeing agrees to $51m settlement for export violations

By AFP

March 1, 2024 03:17 PM


Representational image

Twitter Share Facebook Share WhatsApp Share

Boeing has reached a $51 million settlement with the US State Department to resolve almost 200 export violations, including its unauthorized export of technical data to China, the State Department said Thursday.

The US aerospace company's export violations date back years, and were all voluntarily disclosed, the State Department said in a statement.

Among the violations it cited was Boeing's unauthorized export of defense items as well as technical information exported to foreign employees and contractors.

This included "unauthorized exports of technical data" to China.

Under the terms of settlement, "Boeing will pay a civil penalty of $51 million," the State Department said, adding that $24 million of the penalty would be suspended to allow Boeing to strengthen its compliance program.

Boeing will also have to engage an "external special compliance officer" for at least two years, and agree to at least two external audits of its compliance program.

"We are committed to our trade controls obligations, and we look forward to working with the State Department under the agreement announced today," a Boeing spokesperson told AFP.

The spokesperson added that most of the 199 violations "predate the significant improvements we have made to our trade controls compliance program since 2020."

"We are committed to continuous improvement of that program, and the compliance undertakings reflected in this agreement will help us advance that objective."


AFP


Most Read

  1. Maryam Nawaz can wear uniform! Maryam Nawaz can wear uniform!
  2. Here is all about Madiha Rizvi’s second husband Here is all about Madiha Rizvi’s second husband
  3. Zara Noor Abbas inspired by Rani Mukerji Zara Noor Abbas inspired by Rani Mukerji
  4. Madiha Rizvi ties the knot again Madiha Rizvi ties the knot again
  5. Two patients die, injuries of 12 others multiplied after roof collapse at Gujrat hospital Two patients die, injuries of 12 others multiplied after roof collapse at Gujrat hospital
  6. Nazish re-shares fan stand over Babar proposal controversy Nazish re-shares fan stand over Babar proposal controversy

Opinion

  1. Legacy of Indian military subjugation in Kashmir
    Legacy of Indian military subjugation in Kashmir

    By Dr Ghulam Nabi Fai

  2. Islamabad becoming the hub of international diplomacy
    Islamabad becoming the hub of international diplomacy

    By Salim Bokhari

  3. Insights into the Pakistan Stock Exchange's Recent Record High Triumph
    Insights into the Pakistan Stock Exchange's Recent Record High Triumph

    By Zulfiqar Ali Mir

  4. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  5. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  6. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay