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BAE Systems fined up to $79 million in US case

BAE Systems fined up to $79 million in US case

Defense contractor BAE Systems says it has agreed to pay a fine of up to $79 million to settle an export case with the U.S. Department of State.
Last year, the company agreed to pay a fine of $400 million to settle a U.S. Justice Department investigation and another of 30 million pounds ($49 million) to settle a parallel investigation in the United Kingdom.
BAE said Tuesday that the State Department settlement includes a possible $10 million reduction in the fine depending on the company's implementation of compliance measures.
A former BAE agent, Count Alfons Mensdorff-Pouilly, has been charged in the United Kingdom with conspiracy to corrupt in his efforts to win contracts in the Czech Republic, Hungary and Austria.


Updated : 2021-05-19 08:37 GMT+08:00