Defendant Name: RTX Corporation

Defendant Type: Public Company
SIC Code: 3724
CUSIP: 75513E10

Initial Case Details

Legal Case Name In the Matter of RTX Corporation
First Document Date 16-Oct-2024
Initial Filing Format Administrative Action
File Number 3-22256
Allegation Type Foreign Corrupt Practices Act

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
• Sec 30A

Resolutions

First Resolution Date 16-Oct-2024
Headline Total Penalty and Disgorgement $124,186,298

Related Documents:

34-101353 16-Oct-2024 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings,and Imposing a Cease-and-Desist Order
On October 16, 2024, the SEC instituted settled cease-and-desist proceedings against RTX Corporation, stating: "This matter concerns violations of the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act of 1977 (the "FCPA") by RTX Corporation, formed after a merger and name change involving Raytheon Company and Raytheon Technologies Corp. (collectively "Raytheon")."
2024-171 16-Oct-2024 Press Release--Administrative Proceeding
SEC Charges Virginia-Based RTX Corp.with Violating Foreign Corrupt PracticesAct in Connection with Eff orts to ObtainContracts with the Qatari Military
On October 16, 2024, the SEC "announced that 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, which was named Raytheon Technologies Corp. until2023, was formed after the 2020 merger of Raytheon Company and United Technologies Corp. (collectively, Raytheon)."