RTX to pay over $280 million to resolve US foreign bribery probe
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 16 2024
0mins
Should l Buy RTX?
Source: Reuters
Criminal Charges Resolved: RTX's Raytheon subsidiary has agreed to pay over $280 million to resolve criminal charges related to a foreign bribery investigation, entering into a deferred prosecution agreement lasting 3.5 years.
Ongoing Investigations and Settlements: The settlement is part of broader investigations dating back to 2019, with the company having set aside $959 million for expected settlements with the Justice Department and SEC, including penalties for violating the Foreign Corrupt Practices Act.
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Analyst Views on RTX
Wall Street analysts forecast RTX stock price to fall
14 Analyst Rating
9 Buy
5 Hold
0 Sell
Moderate Buy
Current: 207.000
Low
168.00
Averages
195.77
High
215.00
Current: 207.000
Low
168.00
Averages
195.77
High
215.00
About RTX
RTX Corporation is an aerospace and defense company, which provides advanced systems and services for commercial, military, and government customers worldwide. The Company operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Collins Aerospace segment provides technologically advanced aerospace and defense products and aftermarket service solutions for civil and military aircraft manufacturers, commercial airlines, and regional, business and general aviation, as well as for defense and commercial space operations. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers. The Raytheon segment provides defensive and offensive threat detection, tracking and mitigation capabilities for the United States and foreign government and commercial customers. The Raytheon designs, develops, and provides advanced capabilities in integrated air and missile defense, smart weapons, missiles and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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