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ICE
ice.gov › news › releases › raytheon-company-pay-over-950m-connection-foreign-bribery-export-control-and
Archived: Raytheon Company to Pay Over $950M in Connection with Foreign Bribery, Export Control and Defective Pricing Schemes | ICE
June 13, 2025 - NEW YORK — Raytheon Company, a subsidiary of Arlington, Virginia-based defense contractor RTX (formerly known as Raytheon Technologies Corporation), entered into a three-year deferred prosecution agreement with the Department of Justice in connection with a criminal information unsealed today in the Eastern District of New York charging Raytheon with two counts: conspiracy to violate the anti-bribery provision of the Foreign Corrupt Practices Act for engaging in a scheme to bribe a government official in Qatar and conspiracy to violate the Arms Export Control Act by willfully failing to disclose the bribes in export licensing applications with the Department of State. The criminal information was unsealed following an investigation by Homeland Security Investigations (HSI) New York in coordination with the Department of Justice and the FBI.
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Stanford
fcpa.stanford.edu › investigation.html
Investigation into Thales-Raytheon Systems's Activities ...
On April 3, 2020, Raytheon completed its merger with United Technologies Corporation. The merged company was renamed Raytheon Technologies Corporation ("Raytheon Tech"). In its 10-Q filed on May 7, 2020, Raytheon Tech disclosed that the DOJ had opened a parallel investigation in the first quarter ...
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U.S. Department of Justice
justice.gov › archives › opa › pr › raytheon-company-pay-over-950m-connection-defective-pricing-foreign-bribery-and-export
Office of Public Affairs | Raytheon Company to Pay Over $950M in Connection with Defective Pricing, Foreign Bribery, and Export Control Schemes | United States Department of Justice
February 6, 2025 - Raytheon Company (Raytheon) — ... Justice Department’s investigations into: (i) a major government fraud scheme involving defective pricing on certain government contracts and (ii) violations of the Foreign Corrupt Practices ...
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U.S. Department of Justice
justice.gov › usao-edny › pr › raytheon-company-pay-over-950-million-connection-foreign-bribery-export-control-and
Eastern District of New York | Raytheon Company to Pay Over $950 Million in Connection With Foreign Bribery, Export Control and Defective Pricing Schemes | United States Department of Justice
October 16, 2024 - Breon Peace, United States Attorney for the Eastern District of New York; Kevin Driscoll, Deputy Assistant Attorney General Kevin Driscoll of the Justice Department’s Criminal Division; Matthew G. Olsen, Assistant Attorney General for the Justice Department’s National Security Division; Chad Yarbrough, Assistant Director, Criminal Investigative Division, Federal Bureau of Investigation (FBI) and William S. Walker, Special Agent in Charge, U.S. Department of Homeland Security, Homeland Security Investigations (HSI), New York, announced the resolution. “Over the course of several years, Raytheon employees bribed a high-level Qatari military official to obtain lucrative defense contracts and concealed the bribe payments by falsifying documents to the government, in violation of laws including those designed to protect our national security,” stated United States Attorney Peace.
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Arnold & Porter
arnoldporter.com › en › perspectives › blogs › fca-qui-notes › posts › 2024 › 11 › high-cost-of-inaccurate-cost-information
The High Cost of Inaccurate Cost Information: Raytheon Settles FCA and Other Claims for $950 Million | FCA Qui Notes | Blogs | Arnold & Porter
In the first of two criminal cases resolved, Raytheon entered into a three-year deferred prosecution agreement (DPA) with DOJ and admitted to engaging in two schemes to defraud the Department of Defense (DOD) in connection with contracts to ...
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FCPA Professor
fcpaprofessor.com › rtx-discloses-upcoming-fcpa-related-settlement
RTX Discloses Upcoming FCPA (And Related) Settlement – FCPA Professor
July 29, 2024 - Raytheon (which changed its name to RTX in 2003) has been under Foreign Corrupt Practices Act scrutiny for several years. RTX recently disclosed an upcoming Foreign Corrupt Practices Act (and related) settlement to include a DOJ deferred prosecution agreement (with an independent compliance monitor requirement) and an SEC order...
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Venable LLP
venable.com › insights › publications › 2025 › 01 › defense-contractor-resolves-doj-and-sec-fcpa
Defense Contractor Resolves DOJ and SEC FCPA, FCA, Export Controls Violations for $950 Million | Insights | Venable LLP
In October 2024, the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) announced settlements with Raytheon Company, a division of multinational defense contractor RTX, over defective pricing and False Claims Act (FCA) allegations, Foreign Corrupt Practices Act (FCPA) ...
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InsideDefense
insidedefense.com › insider › raytheon-says-it-has-received-subpoena-related-doj-pricing-investigation
Raytheon says it has received subpoena related to DOJ pricing investigation | InsideDefense.com
Raytheon Technologies executives said today the company has received another subpoena from the Justice Department in connection with an investigation into defective pricing of several contracts won by the company's missiles and defense business. In a call with analysts today, Neil Mitchill, ...
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CNBC
cnbc.com › 2024 › 10 › 16 › rtx-subsidiary-raytheon-to-pay-more-than-950-million-to-settle-foreign-bribery-export-control-fraud-probes.html
RTX: Raytheon pays nearly billion dollars to settle DOJ probes
October 16, 2024 - The Raytheon subsidiary of defense ... of Justice investigations into an alleged government contract fraud scheme, violations of foreign bribery laws and the Arms Export Control Act....
Find elsewhere
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Worcester Business Journal
wbjournal.com › article › doj-investigation-targets-raytheons-hiring-practices
DOJ investigation targets Raytheon's hiring practices | Worcester Business Journal
Raytheon Technologies Corp. in Marlborough revealed Friday it is the subject of a U.S. Department of Justice probe into its hiring practices.
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FCPA Professor
fcpaprofessor.com › rtx-resolves-net-361-million-fcpa-enforcement-action
RTX Resolves Net $361 Million FCPA Enforcement Action – FCPA Professor
October 17, 2024 - In addition, as part of the resolution of the SEC’s parallel investigation, Raytheon will pay approximately $49.1 million in disgorgement and prejudgment interest and a civil penalty of $75 million ($22.5 million of which will be credited against the criminal monetary penalty). The Justice Department has agreed to credit approximately $7.4 million of the disgorgement Raytheon pays to the SEC against the criminal forfeiture.” · In the DOJ release, Deputy Assistant Attorney General Kevin Driscoll of the Justice Department’s Criminal Division.
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GoLocalProv
golocalprov.com › business › raytheon-agrees-to-pay-over-950m-for-defective-pricing-foreign-bribery-and
GoLocalProv | Business | Raytheon Agrees to Pay Over $950M for Defective Pricing, Foreign Bribery and Export Control Schemes
IMAGE: DOJ Raytheon Company, a subsidiary of RTX (formerly Raytheon Technologies Corporation) in Arlington, Va., has agreed to pay over $950 million to resolve the government’s investigations into a major government fraud scheme involving defective pricing on certain government contracts and violations of the Foreign Corrupt Practices Act (FCPA) and the Arms Export Control Act (AECA) and its implementing regulations, the International Traffic in Arms Regulations (ITAR).
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Globalrelay
grip.globalrelay.com › rtx-sets-aside-1-24-billion-to-resolve-probes-involving-bribery-export-controls
RTX sets aside $1.24 billion to resolve probes involving bribery, export controls – Global Relay Intelligence & Practice
July 15, 2025 - The DOJ alleged Raytheon defrauded DOD into paying over $111m more than it should have in contracts to buy Patriot missile systems and operate radar.
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Compliance Week
complianceweek.com › anti-corruption › raytheon-parent-discloses-indications-of-improper-payments-in-middle-east › 34317.article
Raytheon parent discloses indications of improper payments in Middle East | News Brief | Compliance Week
February 14, 2024 - Raytheon has been under investigation by the Securities and Exchange Commission (SEC) and Department of Justice (DOJ) since 2019 and 2020, respectively, regarding “whether there were improper payments made by Raytheon Company, our joint venture ...
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Stanford
fcpa.stanford.edu › enforcement-action.html
Foreign Corrupt Practices Act: Enforcement Action Dataset
As a result of these schemes, Raytheon ... in the Eastern District of New York against Raytheon alleging conspiracies to violate the antibribery provisions of the FCPA as well as the Arms Export Control Act (AECA)....
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Infortal
infortal.com › home › the infortal blog › raytheon’s $950m penalty highlights multiple corruption and compliance due diligence failures
Raytheon’s $950M Penalty: Compliance Failures Uncovered
December 3, 2024 - The penalties, resulting from investigations by the DOJ and SEC, underscore significant compliance failures in multiple facets of Raytheon’s operations.
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Whistleblowerllc
whistleblowerllc.com › home › whistleblower news & articles › doj announces $950 million raytheon settlement
DOJ Announces $950 Million Raytheon Settlement | Whistleblower Law Collaborative
November 5, 2024 - According to the press release, Raytheon falsely certified cost and pricing data during negotiations with the Department of Defense (DoD) for various contracts, particularly involving PATRIOT missiles and radar systems.
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Corruption Tracker
corruption-tracker.org › case › raytheons-dirty-business-in-qatar
Raytheon’s Dirty Business in Qatar (Sham Contracts)
OctIn October 2020, following these allegations, the U.S. Department of Justice started its own investigation and served Raytheon with two criminal subpoenas (in 2020 and 2021).
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Reuters
reuters.com › business › aerospace-defense › raytheon-says-it-is-target-doj-probe-into-industry-hiring-practices-2022-02-12
Raytheon says it is a 'target' of a DOJ probe into industry hiring practices | Reuters
February 12, 2022 - Raytheon Technologies Corp said it is a target of a U.S. Department of Justice investigation into hiring practices in the aerospace industry, the U.S. aerospace and defense firm said in a filing on Friday.