BAE Agrees to Pay for Arms-Export Control Breaches

19 May 2011 (Last Updated May 19th, 2011 18:30)

BAE Systems has reached a civil settlement with the US Department of State by agreeing to pay a fine of up to $79m with respect to alleged civil breaches. The US Department of State had previously fined BAE Systems in connection with violations of US defence export control regulations.

BAE Systems has reached a civil settlement with the US Department of State by agreeing to pay a fine of up to $79m with respect to alleged civil breaches.

The US Department of State had previously fined BAE Systems in connection with violations of US defence export control regulations.

Under the four-year-term agreement, the fine will have a suspension of $10m towards the cost of enhanced export control compliance measures already implemented by the company.

The company's few UK-based export programmes will also be subjected to enhanced administrative review.

BAE has been charged by the State Department with a total of 2,591 arms-control breaches of the US Arms Export Control Act and International Traffic in Arms Regulations.