Sunday, September 2, 2012

Defense Industry Faces New Scrutiny of Anti-Corruption Practices - Businessweek

Defense Industry Faces New Scrutiny of Anti-Corruption Practices - Businessweek

More than 100 defense companies from Lockheed Martin Corp. (LMT), the world’s largest arms maker, to Czech military truck manufacturer Tatra AS, face a new test of their anticorruption practices as an independent watchdog puts the industry under examination. 

The U.K. arm of Transparency International will issue its first ranking of about 130 companies worldwide on Oct. 4, grading their corporate guidelines for avoiding corruption. Each company is being assessed against 34 criteria and will receive a grade from A to F, an executive for the not-for-profit organization said in an interview in London.

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