Case studies

RTX Resolves Corruption Allegations

FRA supported RTX and counsel in FCPA related fine calculations.

RTX – formerly known as Raytheon – agreed to pay over $950 million to the US Department of Justice to resolve investigations into

i. a fraud scheme involving “defective pricing on certain government contracts”, and

ii. alleged violations of the US Foreign Corrupt Practices Act (FCPA), Arms Export Control Act (AECA) and International Traffic in Arms Regulations (ITAR) violations.

(DOJ press release, 16 October 2024)

External counsel retained FRA to support with fine calculation negotiations with the DOJ. Specialists from our US and UK offices analyzed revenues and expenses to assess the profitability of certain of the company's long-term contracts in the Middle East, where the alleged bribery took place. This analysis involved extensive review of company accounting policies, financial records, project management documentation, and technical accounting practices.

Related contacts

Jenna Voss

Partner & Head of New York Office

,

New York

Toby Duthie

Founding Partner

,

London

Daniel Roseberry

Associate Director

,

New York

Aeriel Houston

Associate Director

,

Dallas

Francesca Caruso

Senior Associate

,

New York

Ruth Blackburn

Senior Associate

,

Dallas

Eric Williams

Director

,

Dallas

Related expertise

Disgorgement and Penalty Calculations

Bribery and Corruption

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