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Raytheon to Pay $950 Million in Major FCA and FCPA Case Aided by Whistleblower

Whistleblower Network News

.” “The penalty in this case reflects the significant misconduct by Raytheon and the need for global companies to implement meaningful internal accounting controls that ensure that payments to intermediaries are not used to circumvent the restrictions of the FCPA,” said Charles E. Cain, Chief of the SEC Enforcement Division’s FCPA Unit.

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Government Contracts Issues for a Recession

Procurement Notes

Air Force with the expectation that its contract will continue to be renewed during the foreseeable future. The Federal Government’s procurement spend in FY2023 was $765 billion ($470 billion for defense agencies), [106] and most of the procurement spend was discretionary spending. 1304 judgment fund becomes necessary.

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EEO Spring Housekeeping is Here, Including Meeting the June 30, 2022 Deadline for Certifying Your Affirmative Action Program

Procurement Notes

81] Importantly, the OFCCP Federal Contract Compliance Manual states that checking a sampling of subcontracts is part of reviewing a prime’s compliance. [82] 86] The procuring agency is supposed to be able to provide a list of covered geographical areas. [87] is called, in export control parlance, a “deemed export.”

Export 40
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Government Contracts Inflation Update

Procurement Notes

13] Fourth , “the PPI includes government purchases, while the CPI does not[.]” [14] Because of the differences, for Government contracts cost and pricing analysis, PPI tends to provide better benchmarks for non-commercial supply or construction contracts. This is particularly true in the Government contracts space.