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International Business Times
International Business Times
Business
AFP News

Raytheon To Pay $950 Mn Over Fraud, Bribery Schemes: US

Raytheon United States Justice Department RTX the US Justice Department
Raytheon has agreed to enter into two three-year deferred prosecution agreements, in which criminal charges will be dismissed if the company complies with the terms of the deal during that period (Credit: AFP)

Raytheon, a subsidiary of major American defense contractor RTX, will pay more than $950 million to resolve fraud and bribery charges, the US Justice Department announced Wednesday.

"Raytheon engaged in criminal schemes to defraud the US government in connection with contracts for critical military systems and to win business through bribery in Qatar," Deputy Assistant Attorney General Kevin Driscoll said in a Justice Department statement.

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