RTX Corp., formerly Raytheon, has agreed to pay over $950 million to settle allegations of government fraud and bribery to secure business with Qatar. The company entered into deferred prosecution agreements in federal courts in Brooklyn and Massachusetts, agreeing to hire independent monitors for compliance with anti-corruption laws. The settlement includes criminal penalties, civil fines, restitution, and the return of profits from inflated defense contracts and bribes paid to a Qatari military official. Additionally, RTX resolved a $428-million civil settlement for inflating labor and material costs on no-bid contracts, driving up profits. The company acknowledged its misconduct and committed to strengthening its compliance program while addressing legacy issues preceding its 2020 merger.
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