Raytheon to Pay $950 Million for Defrauding U.S. Government and Bribing Qatari Officials

The defense contractor, now known as RTX, admitted to inflating costs on military contracts and engaging in corrupt practices to secure deals.

Raytheon has entered into a three-year deferred prosecution agreement, requiring increased oversight and compliance with anti-corruption laws.
The company is accused of inflating costs on contracts for Patriot missile systems and radar systems, resulting in significant overpayments by the U.S. Defense Department.
Raytheon employees bribed a high-ranking Qatari military official to obtain lucrative defense contracts, concealing these bribes through falsified documents.
The $950 million settlement includes criminal penalties, civil fines, restitution, and the return of profits from inflated contracts and bribery schemes.
This settlement marks a rare instance of a major defense contractor facing substantial penalties for white-collar crimes, highlighting ongoing scrutiny of industry practices.