PHOENIX, Nov. 19 /PRNewswire-USNewswire/ -- The member companies of the Executive Committee of AIA's Board of Governors have signed on to the Global Principles of Business Ethics for the Aerospace and Defense Industry, setting the stage for other companies across the industry to join, AIA announced today.

"The establishment of a global set of ethics sends a clear message to our customers all over the globe that we are serious about our ethical values," said Robert J. Stevens, chairman of the Board of Governors and chairman, president and chief executive officer of Lockheed Martin Corporation. "It affirms our industry's commitment to substantive, clear and uniform principles and behavior."

The Global Principals of Business Ethics were developed over the course of this year, and endorsed by AIA and the Aerospace and Defence Industries Association of Europe (ASD) in October during the ASD annual convention in Helsinki. The principles extend to an international arena many of the tenets included in the Defense Industry Initiative on Business Conduct, which was established in the United States in 1986, and expands upon the Common Industry Standards for European Aerospace and Defense.

The Global Principles address business conduct as it relates to zero tolerance of corruption, use of advisors, management of conflicts of interest and respect for proprietary information.

"Long-term success in today's global marketplace depends on ethical business behavior and a common set of standards," said AIA President and CEO Marion Blakey. "We're looking forward to the time when companies across the world sign up to the principles."

Companies that sign the principles commit to including programs and policies that foster ethical business conduct consistent with the Global Principles in their corporate business practices.

The companies represented on the AIA Executive Committee are listed on AIA's web site at http://www.aia-aerospace.org/about_aia/executive_committee/.

Founded in 1919, the Aerospace Industries Association represents the nation's leading manufacturers and suppliers of civil, military, and business aircraft, helicopters, unmanned aerial systems, space systems, aircraft engines, materiel, and related components, equipment services, and information technology.

SOURCE Aerospace Industries Association

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