By Lemart @Adobe Stock
Audrey Decker of DefenseOne reports that RTX was fined $200M for exporting defense tech to China, Russia, and Iran as they traveled with unauthorized technical data about U.S. aircraft and other weapons. Decker writes:
Raytheon will pay a $200 million fine for the unauthorized export of defense technology to China, Russia, Iran, and elsewhere, the State Department announced today.
The settlement will cover 750 violations of the Arms Export Control Act and the International Traffic in Arms Regulations, or ITAR, according to State’s press release. It allows the company to put half of the fine toward “remedial compliance measures to strengthen RTX’s compliance program.” […]
Company employees traveled to these countries bearing classified and controlled technical data from a slew of Pentagon aircraft and weapons programs, including the stealthy F-22 fighter jet and the E-3 radar plane. […]
In a statement today, RTX said: “Today’s action is in line with the company’s expectations, which we disclosed during the company’s second quarter earnings report on July 25, 2024.”
Read more here.
