Summary
- RTX Corporation (formerly Raytheon) has agreed to pay $950 million to settle allegations of defrauding the government and paying bribes to secure business with Qatar.
- The settlement includes penalties, fines, restitution, and return of profits related to inflated billing and alleged bribes paid.
- RTX entered deferred prosecution agreements, agreed to hire independent monitors for compliance oversight, and must show good conduct for three years.
- The company admitted misconduct but emphasized its commitment to maintaining a strong compliance program.