Raytheon to Pay $950 Million in Settlement Over Fraud and Bribery Charges

The defense contractor resolves allegations of defrauding the U.S. government and bribing Qatari officials with a substantial financial settlement.

RTX Corporation, formerly Raytheon, agreed to pay over $950 million to settle charges of defrauding the U.S. Department of Defense and bribing a Qatari military official.
The settlement involves deferred prosecution agreements in federal courts in Boston and Brooklyn, requiring RTX to hire an independent compliance monitor for three years.
The company admitted to inflating costs on defense contracts, leading to over $111 million in excess payments for missile systems and radar operations.
Raytheon employees were found to have paid bribes to secure business deals with Qatar's military, violating the Foreign Corrupt Practices Act and the Arms Export Control Act.
This settlement follows a $200 million agreement in August for export control violations, as RTX continues to address legal issues stemming from past misconduct.