Business

<< Previous   of   Next >>   ADVERTISEMENT   CONTACT THE HERALD Mike Benbow, Business Editor benbow@heraldnet.com   Published: Monday, June 30, 2008 Boeing fined $3 million by State Department Associated Press CHICAGO -- Boeing has agreed to pay a $3 million fine for exceeding value limits on 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. Boeing 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.

1. Life on the strike line 2. Arlington boatbuilder shutting down; hundreds to lose jobs 3. Dwayne Lane can build in Arlington, court says 4. Boeing, Machinists likely to resume talks this weekend 5. Woman who helped bust Everett cyberpimp will serve a week in jail 6. Crash shuts highway in Lake Stevens, sends 1 to hospital 7. U.S. 2 striping will add a lane 8. Man arrested after Everett gun confrontation 9. Snow So Soon? 10. Robinson looks to be productive for Seattle 2 - Top 10 Stories Most Talked about 3 - Top 10 Stories Most Emailed

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