Exclusive: U.S. investigating Honeywell over export, import controls

Posted on the January 12th, 2014 under Business News by admin

View of corporate sign outside the Honeywell International Automation and Control Solutions manufacturing plant in Golden ValleyBy Andrea Shalal-Esa WASHINGTON (Reuters) – The U.S. Justice Department is investigating export and import procedures at Honeywell International Inc after the firm included Chinese parts in equipment it built for the F-35 fighter jet, three sources familiar with the matter said. Reuters last week reported that the Pentagon twice waived laws banning Chinese-built components in U.S. weapons in 2012 and 2013 for parts supplied by Honeywell for the $ 392 billion Lockheed Martin Corp F-35 program. New details have now emerged about one of those waivers, which involved simple thermal sensors that Honeywell initially produced in Scotland before moving that production line to China in 2009 and 2010. The other waivers involved high-performance magnets built in China and elsewhere.



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