PORTLAND, Ore. – Defense contractor FLIR Systems Inc. has agreed to pay $9.5 million to settle bribery charges filed by the Securities and Exchange Commission.
The SEC announced the deal Wednesday. It says the thermal-imaging company based in Wilsonville, Oregon, earned more than $7 million in profits from sales influenced by improper travel and gifts for Middle Eastern government officials.
The commission says two employees in FLIR's Dubai office gave expensive watches to officials with the Saudi Arabia Ministry of Interior. The company also arranged travel for Saudi officials, including a 20-night trip with stops in Beirut, Casablanca, Dubai, New York and Paris.
The SEC says FLIR reported the misconduct and cooperated with the investigation.
A FLIR statement says the actions of the two former workers don't reflect the company's values.