RTX Corporation, the defense contractor formerly known as Raytheon, has agreed to pay the U.S. government $252 million to resolve criminal charges alleging it paid bribes to secure contracts with Qatar
NEW YORK — RTX Corporation, the defense contractor formerly known as Raytheon, has agreed to pay the U.S. government $252 million to resolve criminal charges alleging it paid bribes to secure contracts with Qatar, federal prosecutors said Wednesday.
The company entered into a deferred prosecution agreement on charges of violating the anti-bribery provision of the Foreign Corruption Practices Act and the Arms Export Control Act. The company also has agreed to forfeit $36.6 million.
At a brief hearing in federal court in Brooklyn, lawyers for RTX waived their right to an indictment and pleaded not guilty to both counts. They did not object to any of the allegations in court documents filed in conjunction with the agreement.
Under the agreement, the company will have to demonstrate good conduct for the next 3½ years and foster a culture of ethics and compliance with anti-corruption laws.
According to court documents, Raytheon employees and agents offered and paid bribes to a foreign official between 2012 and 2016 to gain an advantage in obtaining lucrative business deals with the Qatar Emiri Air Force and Qatar Armed Forces.
The company then succeeded in securing four additions to an existing contract with the Gulf Cooperation Council — a regional union of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates — and a $510 million sole-sourced contract to build a joint- operations center for the Qatari military, the court documents said.
Raytheon made about $36.7 million in profit from the Gulf Cooperation Council contract additions and anticipated making more than $72 million on the joint operations center, but the Qatari government ultimately did not go forward with the deal, prosecutors said.
The Qatar Credit Bureau (CB) has announced the launch of its five-year strategy aimed at enhancing and advancing its services to keep abreast with global change
Qatar has become a critical supplier of liquefied natural gas to Europe as countries are reducing their reliance on Russian energy following Moscow’s inv
Mohammed Ahmed Al Harbi, President of the Saudi Weightlifting Federation and Secretary-General of the Asian Weightlifting Federation, praised the efforts of the
Doha, Qatar: The National Cyber Security Agency (NCSA) is keen to be proactive and keep pace with the continuous changes in the cybersecurity landscape