Posts Tagged ‘RTX’
RTX Settles Multiple Charges
Defense contractor RTX Corp. will pay more than $950 million to settle multiple criminal cases pending against it, including FCPA and export control violations in the Middle East and government contract fraud here at home. Compliance officers have a few different threads to unravel here, so let’s get to it. The Justice Department announced the…
Read MoreRTX, Part II: The Compliance Reforms
Today we continue our look at that RTX Corp. export controls settlement announced last week, since we barely scratched the surface of the remediation measures RTX agreed to undertake. From dedicated compliance leaders to dedicated compliance spending, there’s lots more to review here. If you missed our previous post on the case, the summary is…
Read MoreRTX Settles Huge Export Controls Mess
Anyone looking for a complicated case-study in export controls compliance, turn your eyes to RTX Corp. The defense contracting giant just agreed to pay $200 million and overhaul its export compliance function, to settle charges that the company improperly sent classified defense goods to foreign countries and allowed employees to bring along sensitive information while…
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