RTX Corporation Subsidiary Enters Deferred Prosecution Agreements and Settles with DOJ and SEC

Details

On October 16, 2024, Raytheon entered into another DPA and an FCA settlement agreement with the DOJ for defective pricing claims related to legacy contracts from 2011-2013 and 2017. Simultaneously, RTX Corporation became subject to an SEC administrative order for FCPA violations. Raytheon and RTX Corporation agreed to pay penalties, disgorgement, and interest, and will retain an independent compliance monitor for three years.

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About RTX Corporation

RTX Corporation, previously known as Raytheon Technologies, is a prominent aerospace and defense company headquartered in Arlington, Virginia. This corporation's primary function lies in providing advanced systems and technologies to both commercial aerospace manufacturers and defense sectors worldwide. Key offerings include missile defense systems, radar technologies, avionics, and cyber protection solutions, highlighting its integral role in national and international security. The company is a notable player in the aerospace and defense industry, impacting sectors such as military defense, commercial aviation, and space exploration. Through divisions like Pratt & Whitney and Collins Aerospace, RTX Corporation delivers state-of-the-art jet engines and avionics technologies widely used by numerous airlines and defense agencies globally. In the financial markets, RTX holds a significant position due to its size, innovation, and strategic partnerships, influencing manufacturing and technology standards across the globe. Its continuous investment in research and development underscores its commitment to leading technological advancements in defense and aerospace, addressing the evolving needs of modern warfare and air travel.