Raytheon Company, a subsidiary of defense contractor RTX, agreed to pay over $950 million to settle the United States Department of Justice's investigations into an alleged government fraud scheme, violations of the Arms Export Control Act and foreign bribery laws, Justice Department said in a press release on Wednesday.

A federal court in New York charged Raytheon with a scheme to bribe a senior Qatari government official in order to obtain lucrative business there, and with omitting to disclose the bribes in export license applications to the State Department, as required by law. Meanwhile, A court in Massachusetts charged Raytheon with involvement in two separate schemes to defraud the Department of Defense regarding Patriot missile systems and a radar system, coupled with other defense products and services.

Deputy Assistant Attorney General Kevin Driscoll of the DOJ's Criminal Division said Raytheon's "corrupt and fraudulent conduct, especially by a publicly traded U.S. defense contractor, erodes public trust and harms the DOD, businesses that play by the rules, and American taxpayers."