RTX Fined $200 Million Over Defense Exports to China, Iran
Workers at a Rockwell Collins Inc. production facility in Manchester, Iowa in 2016.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Defense contractor RTX Corp. agreed to pay a $200 million fine to settle US government allegations that it violated exports controls by transferring sensitive technology to adversaries such as China, Russia and Iran.
The settlement, announced Friday by the State Department, came after RTX voluntarily reported the violations, which it said stemmed from the improper classification of defense articles under the International Traffic in Arms Regulations, or ITAR.