Senate subcommittee finds array of US tech in Russian weapons; execs to testify Sept. 10 [Seeking Alpha]
Analog Devices, Inc. (ADI)
Last analog devices, inc. earnings: 2/19 08:00 am
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Source: Seeking Alpha
Analog Devices ( NASDAQ: ADI ), are slated to testify before a Senate committee over their products being used in Russian weaponry. The Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations is holding a hearing on Tuesday, Sept. 10, to examine "The U.S. Companies' Technology Fueling the Russian War Machine." "The Russians are relying on American technology," said U.S. Senator Richard Blumenthal (D-CT) at a hearing in late February. "Our sanctions' system is a sieve. Our export control regime is lethally ineffective. And something has to be done." Although the four companies in question apparently stopped exporting products to Russia after it invaded Ukraine in February 2022, Senate investigators found exports to neighboring counties increased substantially. They believe these neighboring countries might be serving as middlemen to provide Russia with the components it needs to build missiles. Preliminary findings by the subcommittee showed e
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ADI
Earnings
- 8/21/24 - Beat
ADI
Sec Filings
- 9/12/24 - Form 4
- 9/12/24 - Form 4
- 9/12/24 - Form 4
- ADI's page on the SEC website