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Compliance-challenged defense contracting giant RTX has agreed to pay nearly $1 billion to settle charges of government contract fraud, foreign bribery, and export control violations. The settlement comes on the heels of a $200 million settlement in August with the State Department [12717] for a raft of export control violations.
Raytheon will enter into a three-year deferred prosecution agreement (DPA) in connection with a criminal information filed today in the District of Massachusetts charging the firm with two counts of major fraud against the United States. As part of that resolution, Raytheon admitted to engaging in two separate schemes to defraud the Department of Defense (DOD) in connection with the provision of defense articles and services, including PATRIOT missile systems and a radar system.
Separately, Raytheon entered into a three-year DPA in connection with a criminal information unsealed today in the Eastern District of New York charging Raytheon with two counts: conspiracy to violate the anti-bribery provision of the FCPA for a scheme to bribe a government official in Qatar and conspiracy to violate the AECA for willfully failing to disclose the bribes in export licensing applications with the Department of State as required by part 130 of ITAR.
BIS Wedensday published Federal Register notices soliciting comments on Cuban Agricultural trade licensing processes. The Bureau also updated a table associated with with License Exceptions and made additions and deletions to the Unverified List.
A new economic study paints a troubling picture of the potential results a renewed U.S.-China trade war could have on hundreds of thousands of farmers and rural communities, showing …
The Office of the United States Trade Representative announced Tuesday that it is opening a process for interested persons to request that certain machinery be temporarily excluded from Section 301 …
Mexico wants to reduce its dependence on imports from China and is asking some of the world’s biggest manufacturers and tech firms operating in the country to identify Chinese products and parts that could be made locally.
The country’s deputy trade minister, Luis Rosendo Gutiérrez, told the Wall Street Journal that Mexico wants U.S. carmakers and semiconductor manufacturers as well as global giants in the aerospace and electronics sectors to substitute some goods and components manufactured in China, Malaysia, Vietnam and Taiwan.
Assistant U.S. Trade Representative for Small Business, Market Access, and Industrial Competitiveness Sushan Demirjian today delivered the following remarks to members of the Global Forum on Steel Excess Capacity (GFSEC).
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