At dusk on January 20, 2024, the Raytheon Technologies (recently renamed RTX Corporation) headquarters building is located in Arlington, Virginia.
J. David Acker | Getty Images
A subsidiary of defense contractor Raytheon Co. RTX agreed Wednesday to pay more than $950 million to settle a Justice Department investigation into an alleged government contracts fraud scheme and violations of the Foreign Bribery Act and the Arms Export Control Act.
Raytheon has also agreed to enter into deferred prosecution agreements in federal district courts in Brooklyn, New York and Massachusetts in cases involving this conduct. As part of the settlement announced by the Justice Department, the company will also retain an independent monitor for three years and strengthen its internal compliance program.
“Raytheon engaged in a criminal scheme to defraud the U.S. government on contracts for critical military systems and used bribes to win contracts in Qatar,” Deputy Assistant Attorney General Kevin Driscoll of the Justice Department’s Criminal Division said in a statement. business.”
“This type of corruption and fraud, especially by publicly traded U.S. defense contractors, erodes public trust and harms the Department of Defense, rule-abiding businesses and American taxpayers,” Driscoll said.
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