0001628280-26-049223
SEC filingBETA Technologies' Security Control Agreement with the U.S. Department of Defense was terminated after QIA lost board representation, removing foreign ownership mitigation requirements.
The termination of the Security Control Agreement (SCA) with the Defense Counterintelligence and Security Agency (DCSA) marks the removal of a specific government-imposed oversight mechanism. The SCA was established on June 15, 2025, to mitigate foreign ownership, control, or influence (FOCI) risks arising from QIA Industrials Holding, LLC's prior representation on BETA Technologies' Board of Directors. With QIA's board representation having ceased, DCSA determined the SCA was no longer necessary. This development may reduce administrative burdens and contractual restrictions previously imposed under the SCA, potentially simplifying the company's compliance obligations. The filing does not disclose any financial or operational impacts, but the termination signals a resolution of prior foreign ownership concerns.