Defendant Name:
RTX Corporation
Defendant Type:
Public Company
SIC Code:
3724
CUSIP:
75513E10
Document Reference:
34-101353
Document Details
Legal Case Name
In the Matter of RTX Corporation
Document Name
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
Document Date
16-Oct-2024
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
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")."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Compliance Related Independent Consultant
The Commission ordered that: "Respondent shall receive a civil penalty offset of $22,500,000 based on its payment to the Department of Justice."
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$37,400,090.00
Shared:
Civil Penalty
Individual:
$75,000,000.00
Shared:
Pre-Judgment Interest
Individual:
$11,786,208.00
Shared:
Total Penalty
Individual:
$124,186,298.00
Shared:
