The Justice Department announced the defense contractor has agreed to three years of independent monitoring after violating the Foreign Corrupt Practices Act.

RTX Corporation, the defense contractor formerly known as Raytheon, has agreed to pay more than $950 million to resolve allegations that it defrauded the government and paid bribes to secure business

Raytheon, a subsidiary of major American defense contractor RTX, will pay more than $950 million to resolve fraud and bribery charges, the US Justice Department announced Wednesday.