Raytheon's Mind-Boggling $950 Million In Criminal And Civil Offenses [Forbes]
RTX Corporation (RTX)
Company Research
Source: Forbes
ranging from inflated prices for missiles, to bribes for sales to Qatar. Yet despite the incredible scale of the fines and overcharges, Raytheon is making so much money from its current massive sales for Ukraine that it can probably take more money from the taxpayer with one hand even as it pays relatively less to the taxpayer with the other – and feel no pain. The biggest component of these penalties is a $428 million civil settlement for lying to the government about its costs on sole-source contracts to pump up its profits, and for double-billing the government on a weapons maintenance contract, between 2009 and 2020. In a 2013 email cited in court documents, a Raytheon employee told the Pentagon the company's costs had increased when they actually went down – resulting in an overpayment by the government of about $100 million. This is classic example of defective pricing. In one maneuver, Raytheon told the Air Force it needed to give employees big compensation packages to main
Show less
Read more
Impact Snapshot
Event Time:
RTX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RTX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RTX alerts
High impacting RTX Corporation news events
Weekly update
A roundup of the hottest topics
RTX
News
- Signia Aerospace Completes Acquisition of Goodrich Hoist & Winch; Rebrands as Onboard Systems Hoist & Winch [Yahoo! Finance]Yahoo! Finance
- Deutsche Aircraft and RTX's Pratt & Whitney Canada collaborate to ensure 100% SAF readiness for the D328eco™, building on 40-year relationship and recent D328® Uplift test flights with synthetic fuel [Yahoo! Finance]Yahoo! Finance
- Is RTX Stock a Buy? [Yahoo! Finance]Yahoo! Finance
- The Navy's top ballistic missile interceptor comes with a heavy price tag, but the US can't afford to go to war without it [Business Insider]Business Insider
- Everfox Purchases Yakabod Inc to Enhance Governance for the Insider Risk Mission [Yahoo! Finance]Yahoo! Finance
RTX
Earnings
- 10/22/24 - Beat
RTX
Sec Filings
- 10/22/24 - Form 10-Q
- 10/22/24 - Form 8-K
- 10/16/24 - Form 8-K
- RTX's page on the SEC website