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The money the company owes includes penalties in the criminal cases, as well as civil fines, restitution and the return of profits it derived from inflated Defense Department billing and business ...
RTX Corporation, formerly Raytheon Technologies Corporation, [3] [4] is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia.It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services.
The Raytheon Company was a major U.S. defense contractor and industrial corporation with manufacturing concentrations in weapons and military and commercial electronics. Founded in 1922, it merged in 2020 with United Technologies Corporation to form Raytheon Technologies, [3] which changed its name to RTX Corporation in July 2023.
Raytheon Missiles & Defense (RMD) was one of four business segments of RTX Corporation. Headquartered in Tucson, Arizona, its president was Wes Kremer. [ 1 ] The business produced a broad portfolio of advanced technologies, including air and missile defense systems, precision weapons, radars, and command and control systems. [ 2 ]
NEW YORK/BOSTON (Reuters) -RTX agreed to pay nearly $950 million to resolve federal charges it defrauded the U.S. Department of Defense into overpaying for defense systems and bribed an official ...
RTX said in a July regulatory filing that it set aside $1.24 billion to resolve pending legal and regulatory matters. The company's president and CEO, Christopher Calio told investors that the investigations largely involved issues that predated the Raytheon-United Technologies merger that formed the current company in 2020.
At the center of the allegations in the Massachusetts case are missile systems Raytheon sold to the Department of Defense from 2011 to 2013 and the operation of a radar surveillance system in 2017.
The San Diego County Water Authority (SDCWA) is a wholesale supplier of water to the roughly western third of San Diego County, California. The Water Authority was formed in 1944 by the California State Legislature. SDCWA serves 22 member agencies with 34 Board of Director members. [1] In addition to local water sources, water is imported from ...