Interturbine Settles Export Violation Claims For $1M

Law360, New York (February 4, 2010, 4:24 PM EST) -- Germany's Interturbine Aviation Logistics GmbH has reached a $1 million agreement with the U.S. State Department resolving alleged violations related to the unauthorized export of a heat-resistant protective coating that could be used on missiles.

Under the consent agreement released this week, which also names the company's Texas branch office, Interturbine agreed to a $1 million civil penalty to settle violations of the Arms Export Control Act and the International Traffic in Arms Regulations alleged by the State Department.

Of that civil penalty, $100,000 will be...
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