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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 of the Arms Export Control Act.
Raytheon also agreed to enter into deferred prosecution agreements involving that conduct in federal district courts in Brooklyn, New York, and Massachusetts. 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.
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