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When Blood Money Isn’t Enough: Raytheon Admits to Defrauding Pentagon
Key Excerpts from Article on Website of The Intercept
Posted: November 6th, 2024
https://theintercept.com/2024/10/18/raytheon-rtx-bribery-fra...
RTX Corporation, the weapons giant formerly (and better) known as Raytheon, agreed on Wednesday to pay almost $1 billion to resolve allegations that it defrauded the U.S. government and paid bribes to secure business with Qatar. RTX, as part of this agreement that spanned multiple investigations into its business, admitted to engaging in two separate schemes to defraud the Defense Department, which included deals for a radar system and Patriot missile systems. “The Raytheon allegations are stunning, even by the lax standards of the arms industry,” [said William Hartung with the Quincy Institute for Responsible Statecraft]. “Engaging in illegal conduct on this scale suggests that, far from being an aberration, this behavior may be business as usual for the company.” Raytheon has been ... embroiled in scandals and malfeasance for decades. The company pleaded guilty to “illegally trafficking in secret military budget reports” (1990); paid $4 million to settle charges that it overbilled the Pentagon (1994); paid $10 million to settle a class-action lawsuit contending that its Amana unit sold defective furnaces and water heaters (1997); paid $2.7 million to settle allegations that it improperly charged the Pentagon for expenses incurred in marketing products to foreign governments (1998); [and] agreed to pay a $25 million civil penalty to resolve State Department charges that the company violated export controls (2003).
Note: Learn more about unaccountable military spending in our comprehensive Military-Intelligence Corruption Information Center. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.
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