Barnes/Richardson Attorneys Quoted on the State Department's Company Specific Export Policy for BAE Systems
August 26, 2010
On August 24, 2010, Barnes/Richardson attorneys were quoted in a Jane’s Defense Industry Reporter article regarding the U.S. State Department’s company specific export license policy for BAE Systems. In March, the State Department placed a temporary moratorium on all export licenses related to BAE Systems after the company plead guilty to conspiring to defraud the United States by impairing and impeding its lawful functions, to making false statements about its Foreign Corrupt Practices Act (FCPA) compliance program and to violating the Arms Export Control Act (AECA) and International Traffic in Arms Regulations (ITAR).
BAE Systems is expected to consent to a company specific export policy that would place a hold on certain new BAE License Applications for a specified period of time with the State Department. The consent agreement would be in addition to the $400 million dollar settlement BAE Systems reached with the U.S. Department of Justice earlier this year.