RTX subsidiary Raytheon to pay more than $950 million to settle foreign bribery, export control fraud probes

RTX subsidiary Raytheon to pay more than 0 million to settle foreign bribery, export control fraud probes


The Raytheon Technologies, recently renamed RTX Corporation, headquarters building is seen at dusk on January 20, 2024, in Arlington, VA. 

J. David Ake | Getty Images

The Raytheon subsidiary of defense contractor RTX agreed Wednesday to pay more than $950 million to settle Department of Justice investigations into an alleged government contract fraud scheme, violations of foreign bribery laws and the Arms Export Control Act.

Raytheon also agreed to pay more than $124 million to settle charges filed by the Securities and Exchange Commission that it violated the Foreign Corrupt Practices Act in connection with paying bribes of more than $32 million to a relative of the emir of Qatar and to military and government officials in that country in exchange for obtaining defense contracts there. More than $22 million of that settlement will be offset by Raytheon’s settlement with the DOJ.

The company as part of the DOJ settlement also agreed to enter into deferred prosecution agreements involving that conduct in federal district courts in Brooklyn, New York, and Massachusetts.

The company was charged in the Brooklyn case with conspiracy to violate anti-bribery laws in a scheme to bribe a high-level government official in Qatar and with failing to disclose the bribes in export licensing applications with the State Department as legally required.

In the Massachusetts case, Raytheon admitted to engaging in two separate schemes to defraud the Defense Department in connection with the Patriot missile systems and a radar system. along with other defense products and services.

The company also will retain an independent monitor for three years and enhance its internal compliance program as part of the settlement, which the DOJ announced.

“Raytheon engaged in criminal schemes to defraud the U.S. government in connection with contracts for critical military systems and to win business through bribery in Qatar,” said Deputy Assistant Attorney General Kevin Driscoll of the DOJ’s Criminal Division, in a statement.

“Such corrupt and fraudulent conduct, especially by a publicly traded U.S. defense contractor, erodes public trust and harms the DOD, businesses that play by the rules, and American taxpayers,” Driscoll said.

RTX in a statement said the settlements with the DOJ and the Securities and Exchange Commission relate to probes previously disclosed by the company, and that “these legacy legal matters relate to conduct that occurred at Raytheon Company largely prior to 2020,.”

“RTX is taking responsibility for the misconduct that occurred,” the company said. “We have worked diligently during the investigations to remediate that misconduct and continue to do so. We are committed to working closely with the incoming independent monitor to improve and further enhance our ethics and compliance program.” 



Source

Trump announces travel ban affecting a dozen countries set to go into effect Monday
Politics

Trump announces travel ban affecting a dozen countries set to go into effect Monday

US President Donald Trump speaks during a visit to US Steel – Irvin Works in West Mifflin, Pennsylvania, May 30, 2025. Saul Loeb | AfP | Getty Images President Donald Trump is resurrecting the travel ban policy from his first term, signing a proclamation Wednesday night preventing people from a dozen countries from entering the […]

Read More
Judge blocks Trump administration from deporting family of Colorado attack suspect
Politics

Judge blocks Trump administration from deporting family of Colorado attack suspect

A man reads a note placed on a memorial at the scene of an attack that injured multiple people, outside the Boulder County Courthouse, in Boulder, Colorado, U.S. June 2, 2025. Mark Makela | Reuters A federal judge on Wednesday temporarily barred the Trump administration from deporting the wife and five children of Mohamed Soliman, […]

Read More
Trump administration loses bid to lift bar on Education Department layoffs
Politics

Trump administration loses bid to lift bar on Education Department layoffs

A U.S. Department of Education employee leaves the building with their belonging on March 20, 2025 in Washington, DC. Win McNamee | Getty Images The Trump administration on Wednesday lost a bid to lift a federal district court order temporarily barring the U.S. Education Department from laying off about half of its employees. The administration […]

Read More