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AeroVironment settles with State Department over arms export violations

By   /   Friday, November 22nd, 2019  /   Comments Off on AeroVironment settles with State Department over arms export violations

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Simi Valley-based AeroVironment announced a settlement with the State Department over allegations that it violated two arms export regulations, after it voluntarily reported the infringements. The company said it agreed to pay $1 million over the next two years, half of which could be put toward investments for increased compliance. It will also hire an…

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