Defense firm BAE Systems pleads guilty to conspiracy

March 02, 2010

WASHINGTON - Defense company BAE Systems PLC pleaded guilty to conspiracy on Monday and a judge imposed a $400 million fine, among the largest in the Justice Department's efforts to combat overseas corruption in international business. The defense contractor knowingly failed to ensure compliance with legal prohibitions on foreign bribery. The company's conduct impeded U.S. efforts to be certain international trade is free of corruption, said acting Deputy Attorney General Gary Grindler.

- Associated Press

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