Overview
The Wall Street Journal quoted Jack Hayes in a November 2 article titled “Airbus Could Face Debarment, Fine Over US Export Control Missteps.” The article discusses how Airbus SE could be barred from receiving US export licenses for military equipment over misstatements that the company says it made on certain arms deals. Some experts see a monetary fine as a more likely outcome.
Mr. Hayes says, "Debarment under the ITAR (International Traffic in Arms Regulations rules) normally occurs only when there is egregious conduct alleged.” He adds, “The US government has typically been more than happy to hammer foreign companies for export control violations where there is egregious or other evasive conduct.”
The full article can be read at The Wall Street Journal (subscription required).
