Aeroflex To Pay $8M Over Alleged Export Control Breaches

Law360, New York (August 12, 2013, 1:15 PM EDT) -- Microelectronics maker Aeroflex Inc. has agreed to pay $8 million over claims it violated U.S. export controls on defense-related products and technical data, the U.S. Department of State said Friday.

Plainview, N.Y.-based Aeroflex reached a two-year consent agreement with the State Department, which found that the company failed to properly oversee goods subject to controls under the Arms Export Control Act and International Traffic in Arms Regulations, the government said in a statement. The alleged oversight defficiencies led to “numerous violations” of the AECA and ITAR...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.