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Boeing To Pay $3M Fine For License Violations

Airplane manufacturer has agreed to pay a $3 million fine for exceeding value limits on the purchases of parts from foreign suppliers for its military products.

CHICAGO (AP) -- Boeing has agreed to pay a $3 million fine for exceeding value limits on the purchases of parts from foreign suppliers for its military products.

Boeing spokesman Tim Neale says the Chicago-based company discovered the violations and reported them to the State Department.

The airplane manufacturer violated manufacturing license agreements required under federal regulations governing international arms sales.

The suppliers were in Australia, the United Kingdom, Canada, Israel, Italy, Japan, the Netherlands, Switzerland and Austria.

Neale says Boeing has been working closely with the State Department to tighten its procedures. Boeing also agreed to report its progress to the State Department over the next three years.

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