
The Department of State on Monday said it has reached a $6.6 million settlement with Keysight Technologies, Inc. [KEYS] to resolve alleged export violations of arms control laws. Terms of the settlement include suspension of $2.5 million of the payment on the condition that the California-based company uses the funds to implement a State Department-approved remedial compliance program. Keysight is also required to hire an outside compliance officer for two years and conduct an external audit to review its compliance…