United Technologies reaches $14M settlement of foreign kickback, bribery case
BPC Staff Sep 13, 2018 | 8:19 pm
<1 min read time
56 wordsAll Latest News, Manufacturing, Statewide NewsCorridor Business Journal: The Securities and Exchange Commission said Connecticut-based United Technologies Corp. will pay $13.9 million to resolve charges that it violated the Foreign Corrupt Practices Act by making illicit payments in its elevator and aircraft engine businesses. UTC is expected to close any day on its $30 billion acquisition of Cedar Rapids-based Rockwell Collins.