Controversies

Company response

• Remediation — Honeywell

  Since Honeywell voluntarily self-reported these disclosures, we have taken several actions to ensure there are no repeat incidents. These actions included enhancing export security, investing in additional compliance personnel, and increasing compliance training.

• Ongoing disclosure — Honeywell

  The company also said in its statement that it would implement all measures prescribed in the settlement agreement to return to compliance

Source excerpt

• The State Department decided not to debar Honeywell at this time because the company voluntarily disclosed the alleged violations, recognized the seriousness of its violations, and has put into practice a number of corrective measures, the department said in the statement.

• The State Department’s spokesperson said in a statement that it concluded a settlement with Honeywell International to resolve alleged violations of export rules when the company exported and retransferred technical information about U.S. fighter jets and other military systems without authorization to Canada, China, Ireland, Mexico, and Taiwan.

• Honeywell agreed to pay a penalty of $13 million within three years, of which $5 million will be suspended on the condition that these funds will be used to make improvements to Honeywell’s compliance program according to the requirements stipulated by the agreement with the State Department, the statement said.