April 29, 2016
AIA is fully dedicated to support the intent of conflict minerals reporting requirements as laid out in Section 1502 of the Dodd-Frank Act and the subsequent release of the SEC Final Rule set up to help regulate this law. The intent of these conflict mineral reporting requirements are aimed at curbing funding for armed groups that commit violent human rights violations in certain parts of central Africa. Conflict minerals that require reporting under the Dodd-Frank Act are materials such as gold, wolframite, casserite, columbite-tantalite and their derivative metals, which include tin, tungsten and tantalum being sourced from mines under the control of violent forces in the Democratic Republic of Congo (DRC) or the surrounding countries. Tin, tungsten, Tantalum and gold are used in many aerospace components with various applications. Under Section 1502 of the Dodd-Frank Act all publicly-traded companies are required to report annually to the Securities and Exchange Commission (SEC) whether they use conflict minerals that are “necessary to the functionality or production” of a product that they either manufacture, or contract to be manufactured. With the aerospace and defense industry’s far reaching supply chain being comprised of both publicly held and privately owned companies, the industry remains active in finding cooperative ways to ensure regulatory compliance.