Approval Agreement with the DoS Finally, Airbus has agreed to enter into an approval agreement with the DoS. As part of this agreement, the DoS has agreed to remedy all civil infringements committed against ITAR, which are contained in the voluntary data provided by Airbus in the approval agreement, and Airbus has agreed to retain an independent compliance officer for export control, which will monitor the effectiveness of Airbus` export control systems and its compliance by ITAR. Public Interest Judicial Convention with the PNF Airbus has agreed to enter into an agreement with the Public Interest Judicial PNF. This agreement does not provide a guarantee agreement. As part of the agreement, the PNF agreed to suspend the proceedings against Airbus for a period of three years. Prosecutions are suspended if Airbus complies with the terms of the agreement throughout this period, as it has committed to. The agreement also requires Airbus to submit its compliance program to targeted audits carried out by the Francoise Anti-Corruption Agency (AFA) over a three-year period. Airbus has concluded final agreements with the French National Financial Prosecutor`s Office (PNF), the U.K.
Serious Fraud Office (SFO) and the U.S. Department of Justice (DoJ) to clarify the authorities` investigation into allegations of corruption and corruption, as well as with the U.S. State Department (DoS) and the DoJ, to resolve their investigations into inaccuracies and false statements filed with the DoS in accordance with U.S. weapons. Denis Ranque, Chairman of Airbus` Executive Board, said: “Today`s agreements are the unacceptable business practices of the past. The strengthening of our compliance programs at Airbus is designed to ensure that such a fault does not happen again. The agreements also show that the decision to have a voluntary report and to cooperate with the authorities was the right one.