BAE Systems plc is paying big to resolve bribery allegations—or is it? This spring the British defense contractor reached a $400 million settlement with the U.S. government over claims that it covered up illegal payments around the world. But just hours after the company pled guilty to a single conspiracy count on March 1, it was doing business as usual.
The same day that it entered its plea in federal district court in Washington, D.C., BAE announced that it was teaming with Northrop Grumman Corporation to compete for a contract to build new ground combat vehicles for the U.S. Army. Previously, on February 24 (while the charge was pending), the Army awarded BAE a $140 million contract to build 250 mine-resistant vehicles for American troops in Afghanistan.
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