Defense Industry compliance
The growing acceptance of import/export controls as a national security issue for the United States and its allies is underscored by a raft of new legislation, including the recently introduced U.S. National Defense Authorization Act 2008 and separate bi-lateral defense trade cooperation treaties between the U.S. and UK and Australia.
The provisions of such legislation have reinforced an already strict regulatory environment resulting in defense suppliers, at all tiers, facing greater pressure than ever to adapt internal systems and procedures to comply. The implications of failure to do so and the resulting damage companies may face, both punitive and reputational, range from severe to irreparable. Several recent high profile cases where violations have taken place bear this out.
Significantly, it is not just US defense companies that must take note and continue to adapt to the stricter regulatory framework. Overseas manufacturers, even those not engaged in the export of defense articles or services to the United States face vastly increased risks, as existing customers and other suppliers cannot afford to imperil their own status through association with companies failing to meet the established guidelines.
Building upon many years of experience during which time Faircount has established itself as one of the world's leading defense industry publishers, our training and consultancy division has developed curriculums and services, including in-house and external training courses, to help defense industry manufacturers meet the challenges of a complex and demanding regulatory environment.