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“By way of deliberate and misleading actions, Raytheon don't just defrauded the U.S. govt — it compromised the integrity of our protection procurement system,” reported Acting U.S. Attorney Joshua S. Levy to the District of Massachusetts. “Our office is committed to Keeping accountable those that prioritize income around countrywide safety and apparent legal obligations.

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Raytheon also admitted that by misrepresenting its charges throughout agreement negotiations it overcharged America on these contracts and acquired profits in surplus of your negotiated earnings fees.

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Beneath the Fake Claims Act settlement, which can be the second largest authorities procurement fraud Restoration underneath the Act, Raytheon can pay $428 million for knowingly failing to deliver truthful Qualified Charge and pricing facts during negotiations on quite a few governing administration contracts in between 2009 and 2020, in violation of the reality in Negotiations Act (TINA).

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