Posted on 10/17/2024 11:57:40 PM PDT by blueplum
RTX Corp., the defense contractor formerly known as Raytheon, agreed Wednesday to pay more than $950 million to resolve allegations that it defrauded the government and paid bribes to secure business with Qatar.
The company entered into deferred prosecution agreements in separate cases in federal court in Brooklyn and Massachusetts, agreed to hire independent monitors to oversee compliance with anti-corruption and anti-fraud laws and must show good conduct for three years....
The biggest chunk is a $428-million civil settlement for allegedly lying to the government about its labor and material costs to justify costlier no-bid contracts and drive the company's profits higher, and for double-billing the government on a weapons maintenance contract.
The total also includes nearly $400 million in criminal penalties in the Brooklyn case, involving the alleged bribes, and in the Massachusetts case, in which the company was accused of inflating its costs by $111 million for missile systems....
(Excerpt) Read more at msn.com ...
In 2023 of the Biden/Harris admin, the Pentagon’s military personnel budget was $184 billion, which is the second largest category of spending for the Department of Defense (DoD)......covers pay and retirement benefits for service members.
The Pentagon’s proposed 2025 budget includes an $8.9 billion increase to $181.9 billion for military personnel, despite an expected decrease in active end force.
The budget also includes a 4.5% pay raise for service members and a 2% pay raise for civilians.
Last year in the Biden/Harris admin, the Pentagon couldn’t properly account for a whopping 61% of its total $3.5 trillion in assets. That figure increased this year, with the department insufficiently documenting 63% of its now $3.8 trillion in assets.
Military contractors possess many of these assets, but to an extent unbeknownst to the Pentagon ........ and to Biden/Harris.
If RTX was the bribor, then who was the bribee??
Let me guess, no one’s going to jail?
I guess all those administration officials involved in sending Patriot Batteries and missiles to Ukraine.
A lot of money was passed around........politicians waited in long lines.
They were bribing “a high-ranking Qatari military official.” How is that the business of a U.S. court? That is how business is done in the third world.
Except for FIFA.
There were no bribes to FIFA officials.
Qatar. Dubai. China. Indonesia.
Bribes in foreign countries are just the way things get permitted.
I can answer that.
The “first line” Bribees are ALL the O-6s and GOs that retire and go work for the MIC. They get set up as senior VPs with a sweet 5yr deal at double to triple their former salary and their ONLY JOB is to call and “influence” all their old buddies still working for DoD.
For example FAT ASS, DUMB ASS LLOYD AUSTIN was on the board of RTX. Was also a GO. Coincidence, Yea right.
If these high level officers and civilians don’t go directly to the MIC they more often go the the plethora of “beltway bandits” or consulting firms that just happen to hover around military bases like flies to meadow muffins.
These bloodsuckers just love to flout their “former” titles. Their precious little egos can’t accept they they are no longer General Joe Blow. They are just a MIC stooge.
So, if MIC stooge retired General Joe Blow says the systems costs 500 Million, what lower level government employee is going to directly challenge the word of retired General Joe Blow. INFLUENCE is the real Bribe.
ALL ABOUT GREED with this crew.
Bull's eye. friend.
The US' "defense" budget is as much or more than the next six largest defense budgets of other nations, including our MIC's "enemies."
Enemies from which the US buys uranium, and energy and consumer goods and more. Enemies who are still allowed to operate in the US. Enemies who have NEVER been declared actual enemies as in "at war with."
And when was the last time since 9-11 that the US actually been attacked? Everyday, by Democrats' open borders policies which have NOTHING to do with the US Defense establishment.
So as you write, "ALL ABOUT GREED with this crew."
.....wasn’t our esteemed SECDEF, one Lloyd Austin, General, United States Army (Retired), a highly-paid Raytheon exec before he became SECDEF...? no one is going to jail...count on it.....no one is ever held responsible for anything...
> How is that the business of a U.S. court?<
Because the “settlement” needs to be distributed in the US to a preferred leftist cause. Kamala’s brother is neck deep in these kind of schemes, if not this one also.
EC
you nailed it!
it’s a racket to fleece the US treasury & taxpayer $$$
RTX Corp., the defense contractor
That’s going to put a crimp on the D.C. boys and girls who invested in Ukraine arms shipments.
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