Breaking News

Noctua at Computex 2026 GIGABYTE announces AORUS GeForce RTX 50 Series AI BOX Sony Expands Professional Display Lineup with Crystal LED UNIFY PlayStation Plus Game Catalog for June 2026 Introducing the Razer Seiren V3 Pro

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

U.S. Authorities Probe Panasonic's Avionics Business

U.S. Authorities Probe Panasonic's Avionics Business

Enterprise & IT Feb 2,2017 0

Panasonic said on Thursday its avionics unit is being investigated by U.S. authorities under the Foreign Corrupt Practices Act (FCPA).

The Japanese electronics maker said Panasonic Avionics Corp, a major supplier of inflight entertainment systems, is being probed by the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC).

Panasonic did not specify the nature of the investigation, but said it has been fully cooperating with the investigation and has begun talks with the DOJ and the SEC to resolve the matter.

Panasonic Avionics is headquartered in California with over 4,500 employees globally. In addition to inflight entertainment, it supplies communications equipment to airlines.

Separately, Panasonic raised its full-year operating profit outlook on Thursday as it benefited from a weaker yen that has boosted the value of earnings repatriated from overseas.

It forecast group profit of 265 billion yen ($2.35 billion) for the year ending March 31, up from a previous estimate of 245 billion yen under international financial reporting standards (IFRS).

Tags: Panasonic
Previous Post
Tablet Market Keeps Shrinking
Next Post
Fujitsu Releases FRAM Memory For The Automotive Market

Related Posts

  • Panasonic at CES 2026

  • Panasonic Announces Limited Drop of LUMIX S9 Titanium Gold Edition Models in Europe

  • Panasonic Introduces the First Ultra-Telephoto Zoom Lens in the LUMIX S Series

  • Panasonic Introduces New LUMIX TZ99 White in Europe

  • Panasonic introduces AK-UBX100 4K multi-purpose camera

  • Panasonic Announces LUMIX S1II and LUMIX S1IIE and new lens

  • Panasonic’s New RB-F10 Wireless Open Design Earphones

  • Panasonic Announces New LUMIX S1RII Full-Frame Mirrorless Camera

Latest News

Noctua at Computex 2026
Cooling Systems

Noctua at Computex 2026

GIGABYTE announces AORUS GeForce RTX 50 Series AI BOX
GPUs

GIGABYTE announces AORUS GeForce RTX 50 Series AI BOX

Sony Expands Professional Display Lineup with Crystal LED UNIFY
Consumer Electronics

Sony Expands Professional Display Lineup with Crystal LED UNIFY

PlayStation Plus Game Catalog for June 2026
Gaming

PlayStation Plus Game Catalog for June 2026

Introducing the Razer Seiren V3 Pro
Enterprise & IT

Introducing the Razer Seiren V3 Pro

Popular Reviews

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Soft2bet and the unseen hardware that makes instant play possible

Soft2bet and the unseen hardware that makes instant play possible

Crucial T710 2TB NVME SSD

Crucial T710 2TB NVME SSD

be quiet! Pure power 13M 750W

be quiet! Pure power 13M 750W

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed