A company of , RTX Corporation, the security company previously known as , Raytheon Technologies Corporation, agreed to pay more than$ 950 million to resolve , the United States , administration’s investigations into a big fraud system, the U. S. District Attorney’s Office for , Massachusetts , announced Wednesday.
Authorities were looking into methods involving incorrect prices on specific government contracts and violations of laws around international crooked practices, and arms export controls, according to the , U. S.  , Attorney’s office.
The , Virginia-based company will pay$ 574 million to resolve criminal and civil liability for overcharging government contracts.
The firm entered into a three-year deferred prosecution agreement in connection with legal fees filed on Wednesday in , Massachusetts , charging Raytheon with two counts of major fraud against the , U. S.
As part of the$ 574 million resolution, Raytheon agreed to pay$ 147 million to resolve the criminal allegations.
The settlements even address allegations that Raytheon allegedly double-billed the division on a contract for weapons maintenance while negotiating prices with the , Department of Defense, and gave false qualified cost or pricing information when doing so.
By agreeing to pay$ 428 million to resolve the civil allegations,  , Raytheon Company , will pay the second largest purchasing of fraud treatment under the False Claims Act, according to the , U. S.  , Attorney.
In accordance with the terms of the deferred prosecution agreement, Raytheon will pay a criminal monetary penalty of$ 147.7 million and$ 111.2 million in victim compensation. Additionally, they may keep a three-year separate compliance check.
The news comes days after officials in the , Eastern District , of , New York , said the company may also enter into a three-year agreement with the government after being charged with , criminal charges linked to a corruption scheme with , Qatar.
The business did spend$ 252 million to the , U. S.  , government to solve the criminal charges alleging it paid money to secure deals in , Qatar, according to federal prosecutors.
Federal agencies can decide whether Raytheon or any other individuals or organizations associated with the company should be suspended or barred from working as federal contractors as a result of the Justice Department’s resolutions with the business.
” Raytheon engaged in criminal schemes to defraud the , U. S.  , government in connection with contracts for critical military systems and to win business through bribery in Qatar”, Deputy Assistant Attorney General , Kevin Driscoll , of the Justice Department’s Criminal Division said in a statement.
” Such corrupt and fraudulent conduct, especially by a publicly traded , U. S.  , defense contractor, erodes public trust and harms the , Department of Defense, businesses that play by the rules and American taxpayers”, Driscoll said.
The combination of the , New York , and , Massachusetts , resolutions represents nearly$ 1 billion collected from Raytheon from criminal and civil penalties.
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