Boeing has agreed to pay a $3 million fine for exceeding value limits on purchases of parts from foreign suppliers for its military products...
Boeing has agreed to pay a $3 million fine for exceeding value limits on purchases of parts from foreign suppliers for its military products.
Boeing spokesman Tim Neale says the Chicago-based company discovered the violations and reported them to the State Department.
Boeing violated manufacturing license agreements required under federal regulations governing international arms sales.
The suppliers were in Australia, the United Kingdom, Canada, Israel, Italy, Japan, the Netherlands, Switzerland and Austria.
Most Read Business Stories
- 6 Dr. Seuss books won't be published for racist images
- Frontier cancels flight, citing maskless passengers
- Biden vows enough vaccine for all US adults by end of May
- Amazon sued by Black cloud-computing manager over alleged racial discrimination and sexual harassment
- The penthouse atop Smith Tower is on the rental market for the first time
Neale says Boeing has been working closely with the State Department to tighten its procedures. Boeing also agreed to report its progress to the State Department over the next three years.