All Aerospace & Defense articles – Page 2
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Blog
Redwire hires general counsel
Space infrastructure provider Redwire Corporation announced that Aaron Futch has been appointed executive vice president, general counsel, and secretary.
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PremiumPanelists break down robust sanctions landscape at TPRM Summit
Sanctions compliance officers face myriad challenges as complex geopolitical situations heighten risks worldwide, experts discussed during Compliance Week’s Third-Party Risk Management & Oversight Summit.
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News BriefDOJ notifies Boeing of DPA breach related to 737 MAX safety
The Department of Justice notified aerospace giant Boeing it breached its 2021 deferred prosecution agreement that required compliance commitments following high-profile crashes of its 737 MAX airplane.
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Blog
FACC AG appoints chief sustainability officer
The supervisory board of German aerospace company FACC AG appointed Tongyu Xu as a new member of the FACC board of directors in the role of chief sustainability officer.
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News BriefConsolidated Nuclear Security to pay $18.4M over timecard false claims
Consolidated Nuclear Security agreed to pay $18.4 million to settle alleged False Claims Act violations regarding the submission of timecards for unworked hours to the National Nuclear Security Administration.
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Blog
ATI names general counsel, chief compliance officer
ATI, a producer of materials and solutions for the global aerospace and defense markets, named Vaishali Bhatia as senior vice president, general counsel and chief compliance officer.
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News BriefDOT launches first data privacy review of 10 biggest airlines
The U.S. Department of Transportation is looking to thwart the nation’s 10 largest airlines from monetizing passenger data or selling it to third parties.
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News BriefBoeing fined $51M over export control violations
Aerospace giant Boeing will pay a $51 million civil penalty to the State Department to resolve alleged export control violations related to unauthorized transfers and retransfers of technical data to foreign-person employees and contractors.
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Blog
Boeing ups previous CCO to human resources chief
Aerospace giant Boeing announced Uma Amuluru, vice president and general counsel to Boeing Defense, Space & Security, as the company’s chief human resources officer and executive vice president, human resources.
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PremiumCompliance’s role in managing challenges related to employee side hustles
Employees engaging in side businesses—part-time jobs or new company creations—can introduce a myriad of risks for a company.
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Blog
Starlab Space appoints general counsel
Starlab Space, a transatlantic joint venture between Voyager Space and Airbus, announced Thomas Ayres will be its general counsel.
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News BriefRaytheon parent discloses indications of improper payments in Middle East
RTX Corp., parent company of aerospace and defense giant Raytheon, disclosed an internal investigation launched into potential improper payments in connection with contracts in the Middle East found indications of misconduct.
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Blog
Mercury Systems appoints chief legal officer
Aerospace technology company Mercury Systems announced the appointment of Stuart Kupinsky as executive vice president and chief legal officer.
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Blog
KP Aviation CEO shifts to chief compliance officer role
Aftermarket aerospace material and services provider KP Aviation announced Kim Schulze, the co-founder and current chief executive officer, will transition to the newly created role of principal and chief compliance officer.
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Blog
Boeing appoints chief sustainability officer
Aerospace giant Boeing named Brian Moran as chief sustainability officer. He will succeed Chris Raymond, who was promoted to president and chief executive officer of Boeing Global Services.
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News BriefNew OFAC sanctions target international Russia supporters
More than 150 new designations implemented by the Office of Foreign Assets Control continue U.S. efforts to crack down on entities and individuals supporting Russia from outside the country.
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News BriefSFO raids AOG Technics office in fraud probe
The U.K. Serious Fraud Office launched a fraud investigation into AOG Technics over allegations the company supplied fake airplane engine parts to major airlines across the globe.
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News BriefGE Aerospace to pay $9.4M in DOJ false claims case
GE Aerospace, an operating division of General Electric, agreed to pay more than $9.4 million as part of a settlement with the Department of Justice addressing allegations the company sold parts to the U.S. military without proper inspections or specifications.
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News BriefBoeing to pay $8.1M over Navy contract false claims
Aerospace giant Boeing agreed to pay $8.1 million as part of a settlement with the Department of Justice addressing allegations it submitted false claims regarding military aircraft contracts it had with the Navy.
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News BriefNew OFAC sanctions expand clamps on Russia tech supply chain
The Office of Foreign Assets Control widened its area of focus to disrupt Russia’s technology supply chain with new sanctions announced against entities in Finland and Turkey.