Getting a piece of the action

Editor's note: Unless the US weapon industry has advanced technology we aren't generally aware of then what we are seeing is the US manufacturing extremely lucrative "glamor weapons." To undertand what kind of "junk" the US manufacturers including THAAD systems the US is sending to Israel, spend some time over on Andrei Martyanov's blog to read through some professional military analysis. The US manufacturers weapons to sell while Russia manufacturers weapons to wage war and that is strikingly apparent by what is happening in eastern Ukraine with US and NATO equipment being destroyed faster than it can be sent. When there is a fine of $1 billion ever wonder how the fine is actually paid? Where does the money go with the Pentagon running the US State Department that approves of all US weapon sales? If you're holding Raytheon stock no big deal. Hang on to it. You will be back in profit soon enough. There are big plans for the Middle East.
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Patriot missile manufacturer fined almost $1bn

October 19, 2024 | By RT

US weapons maker Raytheon has been charged with foreign bribery and inflating federal contracts Patriot missile manufacturer fined almost $1bn

The US government has ordered defense contractor Raytheon to pay more than $950 million in fines for inflating federal contracts and bribing high-level foreign military officials, it was announced on Wednesday.

According to a press release on the US Justice Department's website, Raytheon – which is a subsidiary of RTX – has not disputed the allegations. It has agreed to pay the fine and enter into a three-year deferred prosecution agreement (DPA) in connection with the charges, which include two counts of "major fraud against the United States."

"Raytheon admitted to engaging in two separate schemes to defraud the Department of Defense (DOD) in connection with the provision of defense articles and services, including PATRIOT missile systems and a radar system," the Justice Department's statement read.

According to prosecutors, from 2012 through 2013 and again from 2017 through 2018, Raytheon employees provided "false and fraudulent information" to the Defense Department during contract negotiations on the sale of Patriot missile systems and on the operation and maintenance of a radar system. In both cases, prosecutors said the Defense Department was lied to and ended up paying Raytheon $111 million more than it should have.

Raytheon has also admitted to repeatedly providing false information to the Defense Department between 2009 and 2020 regarding cost and pricing on numerous government contracts.

Additionally, the manufacturer has entered into a separate three-year DPA on two more charges which include a conspiracy to bribe a high-level Qatari military official and a conspiracy to violate the Arms Export Control Act (AECA) in order to conceal bribes in export licensing applications with the State Department.

Read more West 'stunned' by weakness of its military industry – US senator

Raytheon is also said to have reached a separate False Claims Act settlement with the Justice Department relating to the defective pricing schemes.

"Raytheon engaged in criminal schemes to defraud the US government in connection with contracts for critical military systems and to win business through bribery in Qatar," Deputy Assistant Attorney General Kevin Driscoll of the Justice Department's Criminal Division was quoted as saying.

Please go to RT to continue reading.

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Israel as the 51st US corporate state allows US weapon manufacturers to make this possible:

More on Israeli atrocities

The best way to compensate for a $1 billion fine (loss) is war:

Beware of War Hawks in "America First" Clothing

A $1 billion fine? That's a mere drop in a very large bucket. It almost sounds as though some entity inside the US government wants a $1 billion cut on the action:

Washington approves $20bln worth of arms sales in two-week span