RTX to pay $200M fine for allegedly exporting defense tech to China

By Tony Bertuca / August 30, 2024 at 1:52 PM
RTX, formerly known as Raytheon Technologies, has agreed to pay a $200 million civil penalty for allegedly exporting U.S. defense technology and intellectual property to foreign countries, including China, according to a new State Department announcement . State said the “administrative settlement” will resolve 750 violations of the Arms Export Control Act and International Traffic in Arms Regulations. State said RTX disclosed all its alleged violations voluntarily, which include charges that it did not “establish proper jurisdiction and classification” and...

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