June 28, 2012 | last updated June 29, 2012 3:48 pm

UTC to pay $75M penalty for illegal China helicopter exports

Louis Chenevert CEO United Technologies Corp.

Hartford conglomerate United Technologies Corp. paid a $75 million fine after subsidiary Pratt and Whitney Canada pleaded guilty to violating military export regulations.

Pratt Canada was charged with illegally exporting to China engine control software for Pratt helicopter engines from 2002-2005. The software was created by UTC subsidiary Hamilton Sundstrand of Windsor Locks.

UTC agreed with the U.S. Department of State to pay $55 million in penalties and invest $20 million more in its compliance program. The Justice Department agreed to defer any action any UTC or Hamilton arising out of this case.

The State Department will impose a partial debarment of Pratt Canada's license under the International Traffic in Arms Regulations. The debarment does not impact existing export authorizations or for Pratt Canada's ability to perform existing programs for the U.S. government, NATO members and other U.S. allies.

Comments

Type your comment here:

Today's Poll Does CT's closure of the gasoline cleanup fund erode your trust in government?<>
ADVERTISEMENTS
Most Popular on Facebook
Copyright 2014 New England Business Media