Lockheed Martin has agreed to a $13-million settlement with the U.S. government over charges that the company violated arms export laws. The deal covers 30 charges concerning dealings with Hong Kong-based AsiaSat. Lockheed Martin was accused of transferring kick-motor technology to AsiaSat. With the agreement, Lockheed Martin is avoiding export restrictions. The company will pay $8 million in fines and $5 million to establish a computer control system to protect future technology exports. ...


You must be a paid subscriber to access "Lockheed Martin has agreed to a $13-million settlement with the U.S. government".


Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.


Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.