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BRIEF-Esterline Technologies says notified about close of consent agreement by DTCC on Sept 5
September 7, 2017 / 9:18 PM / 19 days ago

BRIEF-Esterline Technologies says notified about close of consent agreement by DTCC on Sept 5

Sept 7 (Reuters) - Esterline Technologies Corp

* Esterline Technologies Corp - ‍on September 5 DTCC notified co that it is closing consent agreement entered into by company and DTCC on March 5, 2014​

* Esterline Technologies - ‍closing of consent agreement was based on co’s certifications that all aspects of consent agreement have been implemented​

* Esterline Technologies Corp - ‍consent agreement settled then-pending AECA and ITAR compliance matters with DTCC​

* Esterline Technologies Corp - ‍consent agreement had a three-year term and provided for a payment of $20 million, $10 million​

* Esterline Technologies Corp - ‍a payment was suspended and fully offset against DTCC-approved costs company incurred to implement compliance measures​

* Esterline Technologies - ‍$10 million portion of settlement that was not subject to suspension was paid in installments beginning in 2014 and ending in Febr​ Source text: (bit.ly/2gLWbNs) Further company coverage:

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