Raytheon’s $8.4M Cyber Oopsie: When Security Requirements Take a Backseat
Raytheon and RTX Corporation have agreed to an $8.4 million settlement over allegations of cybersecurity failures in defense contracts. This is a drop in the bucket compared to a $950 million settlement for other legal woes. Nightwing Group, a spin-off, was also involved in the case.
Hot Take:
Well, folks, it seems Raytheon has been caught with its cybersecurity pants down again—this time, to the tune of $8.4 million! They say lightning doesn’t strike the same place twice, but Raytheon’s track record with government contracts might just prove otherwise. At this rate, correcting their compliance issues might become a full-time gig!
Key Points:
- Raytheon and its affiliates allegedly failed to meet cybersecurity requirements in 29 DoD contracts.
- The settlement includes a payout of $8.4 million, with half of it as restitution.
- Raytheon did not admit fault but agreed to the settlement to resolve the claims.
- The lawsuit was filed under the whistleblower provisions of the False Claims Act.
- This is not Raytheon’s first rodeo with hefty settlements related to government contracts.
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