Raytheon, Nightwing Group to pay $8.4M to resolve false claims act allegations
Raytheon, RTX (RTX) Corporation, and Nightwing Group, and Nightwing Intelligence Solutions, have agreed to pay $8.4M to resolve allegations that Raytheon violated the False Claims Act by failing to comply with cybersecurity requirements in contracts or subcontracts involving the Department of Defense, the DOJ announced. Raytheon is a subsidiary of Arlington, Virginia-based defense contractor RTX Corporation, formerly known as Raytheon Technologies Corporation. In March 2024, RTX Corporation sold its Cybersecurity, Intelligence, and Services business, which since became part of Dulles, Virginia-based Nightwing. The settlement resolves conduct that allegedly occurred between 2015 and 2021, prior to Nightwing’s acquisition of the business, the DOJ stated.
Protect Your Portfolio Against Market Uncertainty
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on RTX:
Disclaimer & Disclosure Report an Issue