Raytheon to Pay Over $950 Million in Settlement Over Fraud, Bribery, and Export Violations

In one case, Raytheon employees provided defective pricing information, leading the DOD to overpay on two contracts by roughly $111 million.

The Raytheon stand at the 53rd International Paris Air Show at Le Bourget Airport near Paris, France, on June 21, 2019. Pascal Rossignol/Reuters

Raytheon, a subsidiary of defense contractor RTX, has agreed to pay more than $950 million to resolve federal investigations into government contract fraud, as well as violations of anti-corruption and export control laws.

The settlement, announced by the Department of Justice (DOJ) on Oct. 16, addresses allegations involving defective pricing on military contracts with the U.S. government, as well as illegal bribes to a Qatari official, with the resolution involving both civil and criminal penalties.