Defense Contractor Fined

Flir Systems Inc., the Oregon-based manufacturer of infrared technology used by the Defense Department, agreed to settle a federal charge that it violated laws that protect acquisition of new technologies by foreign governments. Specifically, the Securities and Exchange Commission charged Flir with garnering more than $7 million in profits by providing gifts and travel to officials in Middle Eastern countries. The illegal activities date back to 2009, and include lavishing hotel rooms, trips, expensive watches, and other expenses upon Saudi Arabian interior ministry officials. In the settlement between the SEC and Flir, the company agreed to pay more than $9.5 million and prove during the next two years that it is complying with guidelines under the Foreign Corrupt Practices Act (FCPA), the law it had violated.