The firm sells ballistic identification technology to police forces all over the world to help solve gun crimes. “We welcome the approval of the remediation agreement related to a historical contract in the Philippines," Ultra CEO Alvaro Venegas said in an email. The cases against the individual executives continue, while the charges against the company are stayed and will be withdrawn if it complies with the remediation agreement. It says the Superior Court of Quebec "anticipates that approving this agreement will encourage corporations to voluntarily disclose wrongdoing." A separate deal between Quebec prosecutors and SNC-Lavalin in 2022 saw the firm agree to pay $29.6 million over three years to settle criminal bribery charges stemming from bridge work in Montreal.
