The State Department has fined Raytheon [RTN] $8 million for “hundreds” of violations of export control laws over the last decade and said the defense firm has shown a “corporate-wide weakness” in maintaining effective procedures for complying with the regulations. Under a four-year agreement reached by the State Department and Raytheon, the company will have to pay only half the fine if it spends the remainder on shoring up pre-identified internal processes to ensure it is meeting requirements under the…
Raytheon Fined For Export Control Violations
Defense Daily Staff
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