United Technologies Fined $75 Million for Export Control Violations

On June 28, United Technologies, Inc. (UTC) and two of its affiliates pled guilty to illegal sales of sensitive military software to China and a cover-up of those sales. Under the deferred prosecution agreement, the companies were fined an aggregate of $75 million and agreed to hire an independent monitor, to be paid for by them, to monitor export compliance for the three entities for two years. The entities face criminal prosecution or additional fines if they further violate export laws during the monitoring period.

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