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RTX sets aside $1.24 billion to resolve probes involving bribery, export controls

Image of Raytheon signage at a trade show.
Photo: Andrea DiCenzo/Getty Images

US weapons maker required to retain independent compliance monitors over the three-year term of the agreements.

A combined $959m has been set aside by RTX Corp, formerly known as Raytheon, as part of a deal with the US government to settle a criminal investigation into pricing for missile and defense services, as well as a separate corruption probe.

The company said in a recent filing that