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Business/Financial

Keysight Technologies Settles With State Department Over Alleged Export Violations

By Cal Biesecker

Monday, August 9th, 2021

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Keysight Technologies Settles With State Department Over Alleged Export Violations

Secretary of State Antony Blinken delivers remarks to the media, at the Department of State. Photo: U.S. Department of State.

The Department of State on Monday said it has reached a $6.6 million settlement with Keysight Technologies, Inc. [KEYS] to resolve alleged export violations of arms control laws. Terms of the settlement include suspension of $2.5 million of the payment on the condition that the California-based company uses the funds to implement a State Department-approved remedial compliance program. Keysight is also required to hire an outside compliance officer for two years and conduct an external audit to review its compliance…

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