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Raytheon to pay $950M+ to resolve fraud, bribery charges
The U.S. Department of Justice announced Wednesday that Arlington County‘s Raytheon, a subsidiary of aerospace and defense contractor RTX, has agreed to pay more than $950 million to resolve multiple allegations that include fraud and bribing a Qatari official. Under Wednesday’s settlement, Raytheon must pay the following penalties: For two counts of major fraud in […]
Siemens Energy agrees to pay $104M over Dominion bidding scheme
Siemens Energy pleaded guilty and agreed to pay $104 million this week to settle a federal criminal investigation into stealing trade secrets in order to undercut competitors’ bids in 2019 to build a Dominion Energy gas turbine “peaker” power plant in the Richmond metropolitan area. The settlement comes after three former Siemens employees and a […]
