<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0hh9or_0wDc3XEN00" alt="https://img.particlenews.com/image.php?url=0hh9or_0wDc3XEN00" width="630" height="420" ></figure>NEW YORK CITY, New York: Defense contractor RTX Corporation, formerly known as Raytheon, has agreed to pay more than US$950 million to settle U.S. government charges of bribery involving contracts with Qatar, according to federal prosecutors. This settlement follows accusations that between 2012 and 2016, Raytheon employees and agents offered bribes to a foreign official to secure lucrative deals with the Qatar Emiri Air Force and Qatar Armed Forces.The company's financial obligations include penalties from criminal cases, civil fines, restitution, and the return of profits earned from inflated Defense Department billing and business tied to alleged bribes paid to a senior Qatari military official between 2012 and 2016.The largest portion is a $428 million civil settlement for allegedly deceiving the government about labor and material costs to secure more expensive no-bid contracts, boost the company's profits, and double-billing on a weapons maintenance contract.The total also includes nearly $400 million in criminal penalties related to two cases: one in Brooklyn involving alleged bribes, and another in Massachusetts, where the company was accused of inflating its costs by $111 million for missile systems between 2011 and 2013, as well as for operating a radar surveillance system in 2017.According to court documents, these bribes helped the company secure four additional contracts with the Gulf Cooperation Council, which includes Qatar and five other Middle Eastern countries. RTX also won a $510 million contract to build a joint operations center for the Qatari military, although the Qatari government ultimately did not proceed with the project.At a hearing in federal court in Brooklyn, RTX lawyers waived their right to an indictment and pleaded not guilty to both charges without disputing the allegations detailed in the court documents. As part of the deferred prosecution agreement, the company has agreed to comply with terms aimed at fostering a culture of ethics and compliance.</div></body>

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Raytheon to settle Qatar bribery charges with $950 million settlement

NEW YORK CITY, New York: Defense contractor RTX Corporation, formerly known as Raytheon, has agreed to pay more than US$950 million to settle U.S. government charges of bribery involving contracts with Qatar, according to federal prosecutors. This settlement follows accusations that between 2012 and 2016, Raytheon employees and agents offered...