Defense Tech: ITT Fined $100M for Night-Vision Sales to China
An AP newswire article, via MSNBC, reports that:
ITT Corp. has agreed to pay a $100 million penalty for illegally sending classified night-vision technology used in military operations to China and other countries, U.S. Attorney John Brownlee announced Tuesday.More here.
ITT, the leading manufacturer of night-vision equipment for U.S. armed forces, will plead guilty in U.S. District Court on Wednesday to two felony charges, Brownlee said at a news conference. One count is export of defense articles without a license and the other is omission of statements of material facts in arms exports reports.
posted by Fergie @ 3/27/2007 02:05:00 PM
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