Aerospace Group:

BAE Pleads Guilty To Defrauding U.S., Agrees To Pay $400 Million Fine

DDN

Tuesday, March 2nd, 2010

SHARE:

Britain's BAE Systems plc yesterday pleaded guilty in a federal court to several violations and agreed to pay a $400 million fine, one of the largest criminal fines ever in the U.S. against a business, the Department of Justice (DoJ) announced. The company pled guilty to charges of fraud, making false statements about its Foreign Corrupt Practices Act (FCPA) compliance program, and to violate the Arms Control Export Act and International Traffic in Arms Regulations. "The actions of BAE Systems…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]