In this session, we will provide a basic overview of the key export control regimes, the International Traffic in Arms Regulations (ITAR) and the Export Administration Regulations (EAR), as well as the economic and trade sanctions programs administered by the Office of Foreign Asset Control (OFAC). We will provide an explanation of how to determine what controls and authorization requirements apply to particular activities and transactions, and when and how defense contractors may be able to leverage exemptions from the licensing requirements. We will talk through recent regulatory changes and the practical impact of those changes, and provide tips for best practices on risk mitigation in this space.