Missiles, Jets & Money: The Changing Anti-Corruption Landscape in the Aerospace and Defense Industry
American Bar Association, 1 PM GMT
- This is a non-CLE program
- The timing for this program is listed in US Eastern Standard Time
In the U.S., military spending for large new projects is down drastically. In China, defense spending continues to rise, fueling an arms race in Asia with large defense purchases by a number of countries, including Japan, Korea, and India. Chaos in the Middle East, including concern over Iran’s nuclear program, is fueling major military spending in Saudi Arabia, the UAE, Kuwait and other countries. The aerospace and defense industry, largely dominated and domiciled by and in the U.S., is now finding some of its biggest opportunities outside the home country, drastically changing the way companies conduct business. Joint ventures, partnerships with foreign companies, including state-owned enterprises, and arrangements with new international associates in new and different business areas can bring unusual bedfellows and heightened corruption risks. Going beyond the standard ‘red flags’ anti-corruption compliance talk, a panel of senior lawyers from four leading aerospace and defense companies, General Dynamics, Lockheed Martin, Northrop Grumman, and Raytheon, discuss the new challenges and how their companies are addressing them in an industry undergoing significant change.
Join us for the first program in our new series that sets out to examine corruption risks, enforcement and mitigation efforts unique to specific industries.