Financial and Legal Consequences
, formerly , agreed to pay $950 million to settle allegations of defrauding the government and bribing officials, including criminal penalties and civil fines.
The settlement includes deferred prosecution agreements, hiring independent monitors, and a commitment to improve compliance processes over three years.
Allegations and Corporate Response
Allegations cover defects in pricing on government contracts and bribery schemes to secure military contracts in Qatar, with specific focus on the Patriot air defense system and a joint operations center project.
RTX admitted to the misconduct, emphasizing its commitment to legal compliance and ethical conduct post-merger with United Technologies in 2020.