ITT fined $100 million for illegal tech exports

On EETimes.com and in the news:

"WASHINGTON — ITT Corp. has confessed to exporting military night vision technology to China and other countries without an export license and has agreed to pay fines totaling $100 million, the Justice Department said Tuesday (March 27).

ITT, the leading producer of night vision equipment for the U.S. military, agreed to plead guilty to separate counts of exporting military equipment without an export license and omitting information from arms export control reports. The government said the plea agreement is the first conviction of a major U.S. military contractor under the Arms Export Control Act. "

. . .

Expect to see a lot more of this, probably already underway, as the US Government continues to outlaw design and manufacturing in this country.  Pure and simple it’s Greed disguised as anything else…

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