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Violation Tracker Individual Record

Company: Raytheon Company
Current Parent Company: RTX Corporation
Penalty: $950,000,000
Year: 2024
Date: October 16, 2024
Offense Group: competition-related offenses
Primary Offense: fraud
Secondary Offense: Foreign Corrupt Practices Act
Mega-Scandal: Federal Contractor Abuses
Violation Description: Raytheon Company, a subsidiary of Arlington, Virginia-based defense contractor RTX (formerly known as Raytheon Technologies Corporation), will pay over $950 million to resolve the Justice Department's investigations into: (i) a major government fraud scheme involving defective pricing on certain government contracts and (ii) violations of the Foreign Corrupt Practices Act (FCPA) and the Arms Export Control Act (AECA) and its implementing regulations, the International Traffic in Arms Regulations (ITAR).
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: Massachusetts
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: aerospace and military contracting
Specific Industry of Current Parent: aerospace & military contracting
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.