BAE Fined $79 Mil

JBeukema

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Apr 23, 2009
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The decision comes after BAE last year pleaded guilty to conspiring to make false statements to the U.S. government in connection with certain regulatory filings and undertakings.
The latest penalty comes on top of around $450 million in fines from the United States and Britain revealed by BAE last year, following long-running corruption investigations at home and abroad into defense deals in Saudi Arabia, Tanzania, Sweden, the Czech Republic and Hungary.
"This brings an end to the investigations and uncertainty that have surrounded the company for a while now," said one analyst who covers the company but wished to remain nameless.
U.S. slaps new fine on BAE over defense exports | Reuters
 

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