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Wednesday, July 02, 2008

State Department fines Boeing $3 million

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.

[...]

Labels: war contractors. Boeing

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