Accounting Failure Costs BAE Systems Over Tanzanian Radar Deal
December 21 2010
A British judge has fined BAE Systems US$776,000 for failing to keep proper accounts during a competition for a Tanzanian military radar contract, reports BBC News.
The company failed to keep appropriate payment records of US$12 million to a Tanzanian businessman ahead of winning the US$43 million radar deal, said the court.
BAE Systems had already made a settlement with the British Serious Fraud Office.
Accordingly, BAE will deduct the fine from the US$47 million it had...
Please log in to continue reading.
Not yet a subscriber? Take a free trial.
Military Periscope gives you easy-to-use, integrated, open-source intelligence on…
- More than 7,500 weapons systems and platforms
- Nearly every country's armed forces
- Militant organizations
Try Military Periscope free for seven days
Your online source for military news, weapons, and nation's armed forces worldwide
Military Periscope FEDLINK information
Service ID: UC
Contract Number: LCFDL24D0002
Military Periscope is a product of GovExec.
600 New Hampshire Ave., Suite 510,
Washington DC, 20037, USA.
customerservice@militaryperiscope.com
©Military Periscope 2025
All rights reserved. Redistribution of the content is prohibited without prior consent of Military Periscope.