RTX Corporation, formerly known as Raytheon, has reached a significant settlement agreement to resolve allegations of defrauding the government and paying bribes to secure business with Qatar. The defense contractor has agreed to pay more than $950 million in penalties, fines, and restitution.
The settlement includes a $428 million civil penalty for allegedly providing false information to the government to obtain costlier contracts and double-billing on a weapons maintenance contract. Additionally, nearly $400 million in criminal penalties were imposed for various offenses, including bribery and inflating costs for missile systems and radar surveillance.
