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 the U.S. 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.
