RTX Agrees to Pay More Than $950 Million to Settle US Probes (1)

RTX Corp. agreed to pay more than $950 million to settle multiple federal probes related to attempts to win business in Qatar and defraud the US in defense contracts.

The company agreed to pay the amount to resolve three separate federal criminal investigations, the Justice Department said in a statement Wednesday. In addition, the Securities and Exchange Commission said the company will pay more than $124 million to resolve a related civil probe into corrupt payments in Qatar.

The Justice Department had been investigating RTX, which changed its name from Raytheon last year, since 2020 over the bribery allegations related ...