State Department fines Boeing $3 million

State Department fines Boeing $3 million

Tools

Story Published: Jun 30, 2008 at 12:41 PM PDT

Story Updated: Nov 20, 2008 at 10:27 PM PDT

By Associated Press

CHICAGO (AP) - Boeing has agreed to pay a $3 million fine for exceeding value limits on purchases of parts from foreign suppliers for its military products.

Boeing spokesman Tim Neale says the Chicago-based company discovered the violations and reported them to the State Department.

Boeing violated manufacturing license agreements required under federal regulations governing international arms sales.

The suppliers were in Australia, the United Kingdom, Canada, Israel, Italy, Japan, the Netherlands, Switzerland and Austria.

Neale says Boeing has been working closely with the State Department to tighten its procedures. Boeing also agreed to report its progress to the State Department over the next three years.

Weather & Traffic

Icon
Current Temp 72.0 °F
Partly Cloudy
More Weather

On Demand

Resources and info you need to prepare for the switch to DTV.

Stay Connected

YouNews

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

Marketplace