- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2024-07-26T19:18:00
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice (DOJ), Securities and Exchange Commission (SEC), and Department of State (DOS).
Raytheon said it expects to enter into a deferred prosecution agreement (DPA) with the DOJ and be subject to an administrative order with the SEC to resolve previously disclosed criminal and civil probes into “improper payments made by Raytheon Company and its joint venture, Thales-Raytheon Systems (TRS), in connection with certain Middle East contracts since 2012,” the aerospace and defense giant said in a public filing Thursday.
The company also disclosed a parallel forthcoming DPA related to a False Claims Act settlement with the DOJ to resolve previously disclosed criminal and civil government probes into “defective pricing claims for certain legacy Raytheon Company contracts entered into between 2011 and 2013 and in 2017,” per the filing.
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