On October 16, 2024, defense contractor RTX (formerly Raytheon) agreed to pay over $950 million to resolve Justice Department investigations into fraudulent billing schemes, foreign bribery, and export control violations spanning more than a decade. The settlement addressed three major criminal …
RaytheonDepartment of JusticeQatarDepartment of DefenseGreg Hayesraytheonfraudbriberypentagonqatar+3 more
On January 30, 2020, Raytheon reported better-than-expected quarterly profits driven by surging international weapons demand, with company executives explicitly citing US-Iran tensions as a growth driver. The earnings announcement came just weeks after the January 3, 2020 US drone strike killing …
RaytheonGreg HayesSaudi ArabiaIranDonald Trumpraytheonwar-profiteeringiranpatriot-missilessaudi-arabia+1 more
On September 14, 2019, swarms of drones and cruise missiles evaded six battalions of Raytheon-manufactured Patriot missile defense systems to strike Saudi Arabia’s Abqaiq and Khurais oil facilities, temporarily disrupting 5.7 million barrels of daily oil production—approximately 5% of global …
RaytheonSaudi ArabiaIranMohammed bin SalmanHouthi forcesraytheonpatriot-missilessaudi-arabiadefense-contractorsweapons-failures+1 more