Defense contractor Raytheon agrees to pay more than $950 million to resolve bribery, fraud claims

Associated Press

NEW YORK (AP) — RTX Corporation, the defense contractor formerly known as Raytheon, has agreed to pay more than $950 million to resolve allegations that it defrauded the government and paid bribes to secure business with Qatar. The company entered into deferred prosecution agreements in separate cases in federal court in Brooklyn and Boston, agreed to hire independent monitors to oversee compliance with anti-corruption and anti-fraud laws and must show good conduct for three years. The money the company owes includes penalties in the criminal cases, as well as civil fines, restitution and the return of profits it derived from inflated Defense Department billing and business derived from alleged bribes paid to a high-ranking Qatari military official from 2012 to 2016.