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Born at the Crest of the Empire

Wednesday, March 28, 2007

Committing espionage and landing on your feet. - ITT

It's a bit convoluted, but the short version is that ITT, in an effort to outsource production and save money, knowingly violated the technology export list giving highly classified night vision technology equipment to the Chinese.

The thing that kicked me was this: The company faces a $100 million fine, BUT, the government has allowed ITT to "offset" the cost of the fine by investing money into new technology.

So, ITT knowingly ships away technology that allows us "to own the night," gets caught, and is allowed to take half the fine and invest it in their own R&D for products that will eventually be sold back to the US government.

That's some sweet settlement, eh?

2 Comments:

  • Cool! Does this mean I can take my parking tickets to court, and instead of paying them, invest that money into a new car? That would be sweet!w

    By Anonymous Anonymous, at 7:10 PM  

  • Exactly.

    I mean what a sweet deal. Spies go to jail. Corporations get R&D.

    Mike

    By Blogger mikevotes, at 8:56 PM  

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