Defense contractor Raytheon agrees to pay $252M penalty to resolve Qatar bribery charges

Associated Press

NEW YORK (AP) — RTX Corporation, the defense contractor formerly known as Raytheon, has agreed to pay the U.S. government $252 million to resolve criminal charges alleging it paid bribes to secure contracts with Qatar. The company entered into a deferred prosecution agreement Wednesday on charges of violating the anti-bribery provision of the Foreign Corruption Practices Act and the Arms Export Control Act. The company also has agreed to forfeit $36.6 million. At a brief hearing in federal court in Brooklyn, lawyers for RTX waived their right to an indictment and pleaded not guilty to both counts. The company also agreed to pay a $52.5 million civil penalty to resolve a parallel Securities and Exchange Commission investigation and must forfeit at least $37 million to satisfy both probes.