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Keysight Technologies Settles With State Department Over Alleged Export Violations

Keysight Technologies Settles With State Department Over Alleged Export Violations
Secretary of State Antony Blinken delivers remarks to the media, at the Department of State. Photo: U.S. Department of State.

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…

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