On May 7, 2020, Raytheon Technologies Corporation, a Massachusetts-based company that develops and manufactures aerospace and defense products, disclosed in an 8-K that in early 2020 the US Department of Justice informed the company that it had commenced an investigation into potentially improper payments made in connection with company contracts in certain Middle East countries. According to Raytheon, the investigation parallels the Securities and Exchange Commission investigation begun in 2019, which focuses on whether improper payments were made by Raytheon, Thales-Raytheon Systems (a joint venture), or by anyone acting on behalf of either entity in connection with the Middle East contracts. The company said that it is “cooperating fully with the SEC’s inquiry.”
May 11, 2020
Massachusetts defense technology company discloses DOJ investigation
Related by Topic
New Post
Federal prosecutors move to terminate Stericycle DPA in FCPA matter
April 28, 2025
News Alert
New Post
European Union issues first non-compliance fines under the Digital Markets Act
April 24, 2025
News Alert
New Post
DOJ to proceed with FCPA case involving bribes paid to Honduran officials
April 21, 2025
News Alert