Raytheon Pays $8M To Resolve Arms Export Violations

Law360, New York (May 1, 2013, 2:36 PM EDT) -- Defense giant Raytheon Co. will pay $8 million in civil penalties to resolve hundreds of alleged violations of U.S. export control laws, the U.S. Department of State said Tuesday.

The department said Raytheon, one of the world's largest weapons makers and one of the biggest American defense contractors, repeatedly violated the Arms Export Control Act and the International Traffic in Arms Regulations over the past decade.

“Raytheon’s numerous violations demonstrated a recurring, corporate-wide weakness in maintaining effective [International Traffic in Arms Regulations] controls,” the department said...
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