Summary
- RTX Corporation, formerly known as Raytheon, will pay $252 million to the U.S. government to settle allegations of bribery in securing contracts with Qatar.
- The company entered into a deferred prosecution agreement on charges of violating anti-bribery laws and must also pay a civil penalty and forfeit funds.
- RTX will have to show good conduct for the next 3.5 years and promote ethical practices within the company.
- This settlement is part of ongoing legal issues stemming from RTX’s business dealings.