Top military contractor RTX pay out of more than $950 million barely ‘scratches the surface,’ say activists
The sky is reflected on the facade of Raytheon's Integrated Defense Systems facility, Monday, June 10, 2019, in Woburn, Mass.
TOP military contractor RTX agreeing to pay more than $950 million (£726m) to resolve bribery and fraud claims “barely touches the surface,” say activists.
RTX, the second largest weapons manufacturer in the United States with yearly revenue of over $67 billion (£51bn), agreed on Wednesday to pay more than $950m to resolve allegations that it defrauded the government and paid bribes to secure business with Qatar.
The company reached the agreement in separate cases in federal court in Brooklyn and Massachusetts and agreed to hire independent monitors to oversee compliance with anti-corruption and anti-fraud laws.
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