GoLocalProv · 22h
Raytheon Agrees to Pay Over $950M for Defective Pricing, Foreign Bribery and Export Control Schemes
Raytheon Company, a subsidiary of RTX (formerly Raytheon Technologies Corporation) in Arlington, Va., has agreed to pay over $950 million to resolve the government’s investigations into a major government fraud scheme involving defective pricing on certain government contracts and violations of the Foreign Corrupt Practices Act (FCPA) and
Stars and Stripes · 1d
Defense contractor agrees to pay $950 million to resolve bribery, fraud allegations
According to court documents, Raytheon employees and agents offered and paid bribes to a foreign official between 2012 and 2016 to gain an advantage in obtaining lucrative business deals with the Qatar Emiri Air Force and Qatar Armed Forces.
Reuters · 1d
RTX to pay $950 million to resolve US defense fraud, Qatar bribery charges
RTX agreed on Wednesday to pay about $950 million to resolve federal charges it defrauded the U.S. Department of Defense into overpaying for defense systems and bribed an official in Qatar to secure business from the Middle East country's air force.
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