Defendant Name: RTX Corporation

Defendant Type: Public Company

Document Reference: 2024-171

Document Details

Legal Case Name In the Matter of RTX Corporation
Document Name SEC Charges Virginia-Based RTX Corp.with Violating Foreign Corrupt PracticesAct in Connection with Eff orts to ObtainContracts with the Qatari Military
Document Date 16-Oct-2024
Document Format Administrative Proceeding
File Number 3-22256
Allegation Type Foreign Corrupt Practices Act
Document Summary 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)."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Compliance Related Independent Consultant
Monetary Penalties:

Disgorgement

(Penalty was noted in document, but no amount was listed)

Civil Penalty

Individual:     $75,000,000.00 Shared:    

Pre-Judgment Interest

(Penalty was noted in document, but no amount was listed)

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")."