RTX Agrees to Pay More Than $950 Million to Settle US Probes
- Raytheon resolves separate corruption, procurement cases
- RTX says it is ‘taking responsibility for the misconduct’
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RTX Corp. agreed to pay more than $950 million to settle multiple federal probes related to attempts to win business in Qatar and defraud the US in defense contracts.
The company agreed to pay the amount to resolve three separate federal criminal investigations, the Justice Department said in a statement Wednesday. In addition, the Securities and Exchange Commission said the company will pay more than $124 million to resolve a related civil probe into corrupt payments in Qatar.