Airbus Plea Agreement

Airbus entered into a deferred law enforcement agreement with the department as part of a criminal investigation filed on January 28, 2020 in the District of Columbia company accused of conspiracy to violate the Foreign Corrupt Practices Act (FCPA) and the aECA conspiracy and its terms of application, ITAR. The FCPA royalty was born out of Airbus` program of offering and paying bribes to foreign officials, including Chinese officials, to obtain and retain transactions, including aircraft sales contracts. The AECA fee is due to the fact that Airbus deliberately failed to disclose political contributions, commissions or commissions to the U.S. government, as required by ITAR, in connection with the sale or export of defence goods and defence services to the armed forces of a foreign country or international organization. The case is referred to U.S. District Judge Thomas F. Hogan of the District of Columbia. A 3.6 billion euro ($3 billion) plea by Airbus to end a lengthy corruption investigation must now be followed by the executives involved. Failure to bring individuals to justice will undermine public confidence and create a precedent in which large companies can emerge from the crisis. Airbus has concluded final agreements with the French National Financial Prosecutor`s Office (PNF), the U.K. Serious Fraud Office (SFO) and the U.S.

Department of Justice (DoJ) to clarify the authorities` investigation into allegations of corruption and corruption, as well as with the U.S. State Department (DoS) and the DoJ, to resolve their investigations into inaccuracies and false statements filed with the DoS in accordance with U.S. weapons. PARIS – Authorities in the United States, the United Kingdom and France on Friday approved an unprecedented deal with Airbus that the aircraft manufacturer will pay up to $4 billion to end years of corruption investigations. The U.S. agreement refers to allegations that the company was considering offering and paying bribes to foreign officials, including Chinese officials, for transactions and contracts. The company was also accused of failing to deliberately disclose to the U.S. government political contributions, commissions and commissions related to the sale and export of defence services. As part of the deferred policing agreement with the department, Airbus agreed to continue to cooperate with the Division in ongoing investigations and prosecutions of conduct, including individuals, and to improve its compliance program. Payments are made as part of a Deferred Order Maintenance Agreement (DPA) – a kind of good deal from Corporate Plea. Airbus will continue to cooperate with the authorities, in accordance with the agreements reached, and to establish a strong culture of ethics and compliance within the company.

Guillaume Faury, Airbus Chief Executive Officer, added: “Today`s agreements with the French, British and American authorities are a very important milestone for us that allows Airbus to progress and develop in a sustainable and responsible manner. The knowledge gained allows Airbus to position itself as a reliable and trustworthy partner. The agreement, which is actually a good deal for companies, means that Airbus has avoided criminal prosecutions that would have risked being excluded from public procurement in the United States and the European Union – a blow to a major defence and space provider.