rtx arms industry news

RTX to pay more than $950M to resolve Qatar bribery, fraud claims

According to court documents, company employees offered and paid bribes to secure contracts with the Qatar Emiri Air Force and Qatar Armed Forces.

The Wall Street Journal on MSN · 3d

RTX Agrees to More Than $280 Million in Penalties to Settle Qatar Bribery, Arms-Control Violations

The settlement resolves a federal probe that was opened after a lawsuit in California accused the defense contractor of funneling $1.9 million in bribes to a brother of Qatar’s emir.

Reuters · 4d

RTX to pay $950 million to resolve US defense fraud, Qatar bribery charges

RTX agreed on Wednesday to pay about $950 million to resolve federal charges it defrauded the U.S. Department of Defense into overpaying for defense systems and bribed an official in Qatar to secure business from the Middle East country's air force.

When Blood Money Isn’t Enough: Raytheon Admits to Defrauding Pentagon

RTX’s bombs regularly kill children and civilians. It does white-collar crimes too, according to a $950 million fraud and ...

10h

Patriot missile maker gets penalty of nearly USD1bn

As part of the settlement, the company will pay the hefty fine and enter into a three-year deferred prosecution agreement (DPA) in connection with the charges, which include two counts of “major fraud ...

Yahoo Finance3d

Defense contractor RTX agrees to pay more than $950 million to resolve bribery, fraud claims

RTX lawyers waived their right to an indictment and pleaded not guilty to charges that the company violated the anti-bribery provision of the Foreign Corruption Practices Act and the Arms Export ...

ABC News4d

Defense contractor RTX to pay $950 million to resolve allegations that it defrauded US, paid bribes to Qatari official

NEW YORK -- Defense contractor RTX to pay $950 million to resolve allegations that it defrauded US, paid bribes to Qatari official. 24/7 coverage of breaking news and live events ...

Taiwan News13d

RTX to pay Taiwan millions for arms price gouging

On Friday (Oct. 4), Defense Minister Wellington Koo (顧立雄) confirmed that the US Department of Justice had investigated RTX for inflating arms sale prices to Taiwan, with the primary case occurring ...

Zacks.com on MSN2d

Here's Why RTX (RTX) Gained But Lagged the Market Today

In the latest market close, RTX (RTX) reached $125.92, with a +0.14% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.4%. Meanwhile, the Dow ...

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