BAE Systems will admit two criminal charges and pay fines of £286m to settle US and UK probes into the firm.
It will hand over more than £250m to the US, which accused BAE of “wilfully misleading” it over payments made as the firm tried to win contracts.
The defence group will pay about £30m in the UK – a record criminal corporate fine – for separate wrongdoings.
The firm said the pleas did not relate to accusations of corruption or bribery but that it “regretted” shortcomings.
