Raytheon to pay $950 million to settle fraud, Qatar bribery charges

Source: Washington Post

The Justice Department announced on Wednesday that defense contractor RTX, formerly known as Raytheon, will pay more than $950 million to resolve charges involving inflated federal contracts and foreign bribery.

RTX admitted that Raytheon employees had provided fraudulent information to the Army that resulted in $111 million in inflated contracts for Patriot air-defense systems in 2013 and a radar system in 2018, according to the Justice Department.

Employees of the company had also engaged in a scheme to bribe a high-level Qatari air force official between 2012 and 2016, in violation of the Foreign Corrupt Practices Act, federal prosecutors said.

“Such corrupt and fraudulent conduct, especially by a publicly traded U.S. defense contractor, erodes public trust,” Kevin Driscoll, deputy assistant attorney general in the Justice Department’s criminal division, said in a statement.

Read more: https://www.washingtonpost.com/technology/2024/10/16/raytheon-fraud-qatar-bribery/