Airbus fined £6.4m for breaching rules on export of sensitive technology
- Airbus pays £6.4m over controlled-technology export record-keeping failures.
- HMRC calls it its largest strategic export settlement.
- Airbus says it cooperated and fixed its compliance processes.
Airbus has agreed to pay £6.4m to HM Revenue and Customs after admitting breaches of UK rules governing the export and transfer of controlled technology. The settlement, reached after the company self-reported conduct occurring before November 2022, underlines the importance of compliance in a sector where technology may…