Clifford Chance
First Set of Final US Export Control Reform Rules Focus on the Aerospace Industry
29 May 2013
What Manufacturers, Leasing Companies and Financiers Need to Know.
The first set of final Export Control Reform rules, published April 16, 2013, should not have caught the aerospace and related industries by surprise. Since 2009, when the US government announced its intent to rethink its entire approach to protecting sensitive US technology, aerospace has been a key focus. The new rules, published simultaneously last month by the US Departments of Commerce and State , were previewed in proposal notices, which served as alerts not just to airframe, engines and aviation components manufacturers, but to leasing companies, financiers and carriers operating in the aerospace and defence industry. This briefing seeks to highlight the key reforms of interest to such parties, particularly as major adjustments must be made in regard to export compliance and companies have just six months to adjust to reforms on a scale that have not been experienced in decades.
