The State Department said Monday that the private security contractor previously known as Blackwater Worldwide had agreed to a $42 million penalty to settle charges it violated hundreds of U.S. export rules between 2003 and 2009.
The company, which has protected U.S. officials in Iraq and Afghanistan and is now known as Xe Services, had been accused of unauthorized weapons exports and “defense services” deals for customers in a number of countries.
The State Department said that with the deal, first reported by the New York Times, the company will no longer be deemed ineligible for future contracts with the U.S. government.
“The department is satisfied that the company has taken the necessary steps to address the causes” of its export-control violations, the State Department said in a statement, adding that $12 million of the penalty would be suspended to help make up for some of the company’s compliance measures.
The privately held company, based in North Carolina, is up for sale.
Schumer rivals agree to debate
ALBANY, N.Y. | New York Republicans vying to take on Democratic Sen. Charles E. Schumer were set to face off in a televised debate Monday night.
Gary Berntsen, a former CIA officer, will take on communications consultant Jay Townsend in the debate, being broadcast on YNN television stations across New York state. The debate is being held at Union College in Schenectady.
Last month, a Siena College poll showed Mr. Schumer, the two-term incumbent, with big leads over both of his would-be GOP challengers.
But Mr. Townsend and Mr. Berntsen showed enough support among Republican leaders in the state GOP convention in June to force the primary.
In July, Mr. Schumer reported $23.8 million in campaign cash, far more than the two Republican candidates combined.
Short-term rates stay at low levels
Interest rates on short-term Treasury bills held steady in Monday’s auction, with rates on three-month bills remaining at the highest level since early July and six-month bills continuing at the lowest level since mid-June.