Sign In
Search
International

BAE Systems To Pay Fines Under Settlements With U.S., U.K.

DDN
SHARE:

BAE Systems, the U.S. Department of Justice and the U.K. Serious Fraud office Friday announced settlements in connection with legacy investigations. The agreements will result in payment of a $400 million fine in the United States and about $47 million to the United Kingdom. BAE issued a statement from Chairman Dick Olver on the settlement: "The company very much regrets and accepts full responsibility for these past shortcomings...These settlements enable the company to deal finally with significant legacy issues. In…

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

Defense Watch

Defense Watch: Kastner on EO, ICBM Target, Stock Highs

International

U.S. Used Over 150 Aircraft In Operation To Capture Venezuela’s Maduro, Caine Says

International

HII Doubles The Size Of UK Unmanned Vehicle Facility

International

U.S. OKs Potential $1.5 Billion Deal With Peru For Naval Base Work, New FMS With Kuwait, Iraq

Trending

HASC Seapower Chair Backs Battleship Concept, Reiterates Support For Navy’s F/A-XX
Zumwalt Installs Of Hypersonic Weapon Tubes On Pace, Testing For IOC Unclear
Lockheed Conducts Successful First Flight Test Of Stinger Replacement Offering
Record F-35 Deliveries, PAC-3 Production Framework Show Lockheed Martin Stepping Up, Hegseth Says
DHS Creates Program Executive Office for Drone and Counter-Drone Systems

Contract Updates

Chandler Construction Services Inc. (Ninety Six, South Carolina) – $16,471,000

Chandler Construction Services Inc., Ninety Six, South Carolina, was awarded a $16,471,000 firm-fixed-price contract for the furnishing, installing, and placing into successful operation of water main pipe. The amount of this action is $16,471,000. Bids were solicited via the internet…

M1 Support Services LP (Denton, Texas) – $68,822,271

M1 Support Services LP, Denton, Texas, was awarded a $68,822,271 modification (P00206) to contract W9124G-17-C-0104 for Army and Air Force aviation maintenance. The modification brings the total cumulative face value of the contract to $5,522,349,151. Work will be performed at…

Lake Union Drydock Co. (LUDC) (Seattle, Washington) – $12,683,144

Lake Union Drydock Co.* (LUDC), Seattle, Washington, is awarded a $12,683,144 firm-fixed-price contract for the maintenance, repair and preservation of YTT-10 (YTT-9 Cape Flattery-class torpedo trials craft) service life extension program. This contract includes options which, if exercised, would bring…

Innovative Professional Solutions Inc. (Panama City Beach, Florida) – $13,631,598

Innovative Professional Solutions Inc.,* Panama City Beach, Florida, is awarded a $13,631,598 firm-fixed price/cost-only contract for fabrication and installation of minesweeping winches.  This contract includes supplies for the government of the Republic of Korea (100%) under the Foreign Military Sales…

The Force Multipliers

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Job Feed

Post a Job // Post a Resume