US Proposes New Export Control Rules for Aircraft
November 7, 2011
The Obama administration on Monday proposed new rules to govern exports of military aircraft and associated parts, a move that a major industry group said would save U.S. companies time and money.
The proposed changes, published in the Federal Register, call for certain less sensitive items such as nuts, bolts and fasteners, to be moved under the oversight of the Commerce Department, while providing more specific language to govern exports of complex items such as avionics.
The Aerospace Industries Association, which includes major aerospace companies such as Boeing Co and Lockheed Martin Corp , welcomed the changes as a "major milestone" in long overdue efforts to reform Washington's "cumbersome and outdated export control system."