To settle allegations of foreign bribery, export control violations and defective pricing from multiple U.S. agencies, Raytheon Company (Raytheon) and its parent company, RTX Corporation, will pay over $950 million in fines, penalties and disgorgement, and will need to hire multiple monitors. Such a significant resolution may suggest that the companies were hard done by but, oddly enough, the monetary setback might yield a net gain. This first article in a two-part series lays out Raytheon’s behaviors that led to the settlement, the resolution with the government and the possible upside. The second article will focus on the monitorships and the broader takeaways for entities working in the aerospace and defense industries. See “How to Survive – and Even Thrive – Under a DPA” (Oct. 9, 2024).