Sign In
Search
Business/Financial

Airbus To Pay U.S. Nearly $600 Million To Settle Bribery, Corruption Allegations

Cal Biesecker By
SHARE:
Airbus To Pay U.S. Nearly $600 Million To Settle Bribery, Corruption Allegations
Airbus Chairman Denis Ranque. Photo: Airbus

The Department of Justice last Friday said that Airbus Group has agreed to pay the U.S. government $592 million to settle bribery and corruption charges related to commercial aircraft sales and violations of arms control laws. The settlement with the U.S. is part of a larger $3.9 billion agreement with legal authorities in France and Britain to settle bribery and corruption allegations. In return, the governments of all three companies agreed to suspend prosecution of Europe-based Airbus for three years,…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Lockheed Martin To Acquire ASW Technology Developer Ultra Maritime For $3.5 Billion

Business/Financial

BAE Gets $16 Million DoD Investment To Expand U.S. Rad Hardened Chips

Business/Financial

Honeywell Aerospace Begins Trading On Nasdaq

Business/Financial

Private Equity Firm Arcline Investment To Acquire Avantus Aerospace Group

Trending

Space Force NSSL Phase 3, Lane 1 Field Now At Seven With Two New Companies Added
AV’s New C-UAS Deal Begins With $80 Million Titan Order To Air Force Global Strike Command
USAF Solicits Rapid Prototyping Of Supersonic, Ground Launched Counter Air Missile
Lockheed Martin To Acquire ASW Technology Developer Ultra Maritime For $3.5 Billion
Duffey: F-47 “At the Cutting Edge of Technology” and Government, Industry Collaboration

Congress Updates

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]

Congress

House Heads For Recess Without Moving On NDAA After Procedural Vote Fails

The House will leave for the Fourth of July recess without moving forward on its $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA), with a procedural vote to […]

Congress

Bipartisan Group Of House Members Introduce U.S.-Ukrainian Co-Production Bill For Unmanned Systems

A bipartisan group of six House legislators have introduced the Strategic Unmanned Systems Partnership Act–a bill to improve drone collaboration between the U.S. and Ukraine. Rep. Michael McCaul (R-Texas), the […]

Space

Will $4 Billion For SB-AMTI/Space Data Network Backbone In Supplemental Reduce Or Add To Planned Funding For Systems In Reconciliation?

Nearly all of the Department of the Air Force’s fiscal 2027 procurement and research and development (R&D) budget for space-based air moving target indication (SB-AMTI) and the Space Data Network […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume