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The company is accused of “a major government fraud scheme involving defective pricing on… Raytheon Co., part of parent defense contractor RTX, will pay more than $950 million to resolve ...
In the price inflation case, Raytheon allegedly lied to the government about the costs it would incur in building three Patriot missile firing units — known as missile batteries — leading the ...
About $1 billion of the hit comes down to three legal matters (defective pricing and improper payments at Raytheon and a compliance issue at Rockwell Collins) and $500 million to terminate a fixed ...
The Raytheon Company was a major U.S. defense contractor and industrial corporation with manufacturing ... Price per share in US$ Employees 2005 18,491 871 ...
In October 2024, Collins Aerospace, a business division of RTX (Raytheon Technologies), announced the first deliveries of its upgraded Venue cabin management system. This latest iteration of the Venue system incorporates advanced smart monitors and an enhanced graphical user interface, designed to improve in-flight entertainment and usability ...
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 unit cost of the shell more than quadrupled, from US$45,000 in 1997 to $191,000 by 2006 (the Copperhead unit production price was about $30,000), reducing the projected buy from 8,500 to about 3,150. Program research-and-development costs had increased from $80 million to $400 million between 1997 and 2004, with total program costs ...
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 ]