(16 Oct 2024)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
ARCHIVE: Woburn, Massachusetts – 10 June 2019
1. Various of the exterior of Raytheon offices
2. Close of Raytheon sign
3 Vehicle leaving Raytheon headquarters
4. Cars driving into Raytheon headquarters
5. Close of Raytheon sign
6. Various of signage at the headquarters
7. Close of office window
8. Close of security and communications systems mounted on the roof of headquarters
STORYLINE:
RTX Corporation, the defense contractor formerly known as Raytheon, agreed Wednesday to pay $950 million to resolve allegations that it defrauded the government and paid bribes to secure business with Qatar.
The company entered into deferred prosecution agreements in separate cases in federal court in Brooklyn and Massachusetts, agreed to hire independent monitors to oversee compliance with anti-corruption and anti-fraud laws and must show good conduct for three years.
The money the company owes includes penalties in the criminal cases, as well as civil fines, restitution and the return of profits it derived from inflated Defense Department billing and business derived from alleged bribes paid to a high-ranking Qatari military official from 2012 to 2016.
The amount includes a $428 million settlement for lying to the government about its labor and material costs to justify costlier no-bid contracts and drive the company’s profits higher. The company was also accused of double-billing the government on a weapons maintenance contract.
It also includes nearly $400 million in criminal penalties in the Brooklyn case, involving the alleged bribes, and in the Massachusetts case, in which the company was accused of inflating its costs by $111 million for missile systems from 2011 to 2013 and the operation of a radar surveillance system in 2017.
It also agreed to pay a $52.5 million civil penalty to resolve a parallel Securities and Exchange Commission investigation and must forfeit at least $66 million to satisfy both probes.
At a brief hearing in federal court in Brooklyn, lawyers for RTX waived their right to an indictment and pleaded not guilty to charges that the company violated the anti-bribery provision of the Foreign Corruption Practices Act and the Arms Export Control Act. They did not object to any of the allegations in court documents filed in conjunction with the agreement.
RTX said in a statement that it is “taking responsibility for the misconduct that occurred” and is “committed to maintaining a world-class compliance program, following global laws, regulations and internal policies, while upholding integrity and serving our customers in an ethical matter.”
A message seeking comment was left for the Qatari embassy in Washington.
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