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Bernie Sanders: “RTX, formerly Raytheon, was fined $950 million for inflating…”

Featuring: Bernie Sanders, Independent | U.S. Senate, Vermont

"As the holiday season approaches, it’s a good time to talk about our national priorities." Bernie Sanders

Published December 17, 2024 | Video Starts at 03:09

Waste and fraud and cost overruns in that industry. Defense contractors routinely overcharge the Pentagon by 40%. And just in October. A few months ago, RTX, formerly Raytheon, was fined $950 million for inflating bills. To the Department of Defense. They lied about labor costs and about material costs and they were busy paying. Bribes to secure foreign business. But it's not just Raytheon. (03:09–03:16)

CLAIM

Asserts that RTX was fined $950 million for billing inflation.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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