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Company: RTX Corporation
Current Parent Company:
RTX Corporation
Parent at the Time of the Penalty Announcement:
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Penalty: $124,000,000
Year: 2024
Date: October 16, 2024
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Mega-Scandal:
Foreign Bribery
Violation Description: RTX Corporation, a Virginia-based aerospace and defense company, agreed to pay more than $124 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) in connection with payments made to assist in obtaining contracts with the Qatari military. RTX subsidiary Raytheon Company also faced related criminal charges brought by the Justice Department (see separate entry).
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
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:
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Archived Source:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.
