Boeing Fined for Violating Acquisitions Value Limits

Boeing Agrees to Pay $3 Million Fine for Violating Foreign Parts Acquisitions Value Limits

As reported in Chicago, Boeing was found to have exceeded value limits on purchases of parts from foreign suppliers for it’s military products.  The laws violated by Boeing were manufacturing license agreements which are required under the federal regulations which govern international arms sales.

Boeing has agreed to “work closely” with the State Department to “tighten its procedures” and also has agreed to “report its progress” to the State Department over the next three years. 

The suppliers Boeing was dealing with when it committed these violations were in Australia, the United Kingdom, Canada, Israel, Italy, Japan, the Netherlands, Switzerland, and Austria.

Link to story in the Seattle P.I.:  http://seattlepi.nwsource.com/local/6420ap_il_boeing_fine.html