RTX Corporation (NYSE:RTX) has entered into a Consent Agreement with the U.S. Department of State to resolve alleged violations of the Arms Export Control Act (AECA) and the International Traffic in Arms Regulations (ITAR).
The agreement includes a $200 million civil penalty, with $100 million suspended contingent on funding approved remedial compliance measures.
The deal extends over three years and involves several compliance enhancements, such as appointing an external Special Compliance Officer and conducting an external audit.
The $100 million penalty, not subject to suspension, will be paid in installments: $34 million in September 2024, $33 million by August 2025, and $33 million by August 2026.