RTX Sets Aside $959 Million to End Corruption, Price Probes
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RTX Corp. said it has set aside a combined $959 million as part of a deal with the US government to settle a criminal investigation into pricing for missile and defense services, as well as a separate corruption probe.
The company, formerly known as Raytheon, expects to enter into a three-year deferred-prosecution agreement with the Justice Department, which will include oversight by a corporate monitor, RTX said Thursday in filing with the US Securities and Exchange Commission.