Free Republic

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...

Test showcases the U.S.'s strategic missile defense capabilitiesARLINGTON, Va., Dec. 11, 2023 /PRNewswire/ -- An Exoatmospheric Kill Vehicle, developed by Raytheon, an RTX (NYSE: RTX) business, successfully destroyed an Intermediate-Range Ballistic Missile during a recent test of the Ground-based Midcourse Defense System. The test was conducted today in the Pacific region by the U.S. Missile Defense Agency and the U.S. Northern Command.This was the 13th intercept for the program, which protects the U.S. by destroying incoming ballistic missiles while they are outside the Earth's atmosphere. "This test demonstrates that the U.S. ballistic missile defense system is operational, reliable and ready...

Ukraine's air force has appeared to confirm that a U.S-made Patriot missile system was behind the downing of five Russian aircraft in one day in May 2023. A video posted on Monday shows "kill" markings on the side of a Patriot air defense system that indicate it claimed three helicopters and two jets on May 13. If accurate, this would be a record for a Patriot system in a single day.