Sign In
Search

BAE Pleads Guilty To Defrauding U.S., Agrees To Pay $400 Million Fine

DDN
SHARE:

Britain's BAE Systems plc yesterday pleaded guilty in a federal court to several violations and agreed to pay a $400 million fine, one of the largest criminal fines ever in the U.S. against a business, the Department of Justice (DoJ) announced. The company pled guilty to charges of fraud, making false statements about its Foreign Corrupt Practices Act (FCPA) compliance program, and to violate the Arms Control Export Act and International Traffic in Arms Regulations. "The actions of BAE Systems…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

International

Trump Says U.S. Will Grant Ukraine License To Build Patriot Interceptors

Army

UK Plans To Join U.S. Army’s PrSM Program, Will Invest $254 Million

International

Raytheon Working With European Firms To Build Stingers In Netherlands, Double Production Capacity

Navy/USMC

Navy Previews Second MUSV Variant

Trending

AV’s New C-UAS Deal Begins With $80 Million Titan Order To Air Force Global Strike Command
USAF Solicits Rapid Prototyping Of Supersonic, Ground Launched Counter Air Missile
Lockheed Martin To Acquire ASW Technology Developer Ultra Maritime For $3.5 Billion
Defense Watch: E-7 Challenges, T-AGS(X) RFI, Ukraine Biz News, Saronic Testing,
Duffey: F-47 “At the Cutting Edge of Technology” and Government, Industry Collaboration

Congress Updates

Congress

House Heads For Recess Without Moving On NDAA After Procedural Vote Fails

The House will leave for the Fourth of July recess without moving forward on its $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA), with a procedural vote to […]

Congress

Bipartisan Group Of House Members Introduce U.S.-Ukrainian Co-Production Bill For Unmanned Systems

A bipartisan group of six House legislators have introduced the Strategic Unmanned Systems Partnership Act–a bill to improve drone collaboration between the U.S. and Ukraine. Rep. Michael McCaul (R-Texas), the […]

Space

Will $4 Billion For SB-AMTI/Space Data Network Backbone In Supplemental Reduce Or Add To Planned Funding For Systems In Reconciliation?

Nearly all of the Department of the Air Force’s fiscal 2027 procurement and research and development (R&D) budget for space-based air moving target indication (SB-AMTI) and the Space Data Network […]

Congress

House Appropriators ‘Concerned’ With JLTV A2 Delays, Shift Funds For Marines’ Second Supplier Effort

House appropriators have said they’re “seriously concerned” with Joint Light Tactical Vehicle (JLTV) A2 delays, as their fiscal year 2027 defense spending bill shifts funds to support the Marine Corps’ […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume