Back Raytheon Afrikaans رايثيون Arabic Raytheon AST Raytheon Company Azerbaijani ریتیون AZB Raytheon Catalan Raytheon Czech Raytheon German Raytheon Spanish Raytheon Basque

Raytheon

This article is about the company that merged with United Technologies. For the post-merger company, see RTX Corporation.
Raytheon Company
Company typePublic
NYSE: RTX
IndustryAerospace and defense
FoundedJuly 7, 1922 (1922-07-07), in Cambridge, Massachusetts, U.S.
FounderVannevar Bush
Laurence K. Marshall
Charles G. Smith
DefunctApril 3, 2020 (2020-04-03)
FateMerged with United Technologies
SuccessorRTX Corporation
HeadquartersWaltham, Massachusetts, U.S.
Area served
Worldwide
Key people
Phil Jasper[1](chairman and CEO)
Revenue29,176,000,000 United States dollar (2019) Edit this on Wikidata
3,342,000,000 United States dollar (2019) Edit this on Wikidata
Number of employees
~67,000 (2018)[2]
Websiteraytheon.com (Archived)

The Raytheon Company was a major U.S. defense contractor and industrial corporation with manufacturing concentrations in weapons and military and commercial electronics. Founded in 1922, it merged in 2020 with United Technologies Corporation to form Raytheon Technologies,[3] which changed its name to RTX Corporation in July 2023.

Raytheon was established in 1922, reincorporated in 1928, and adopted the Raytheon Company name in 1959. More than 90% of Raytheon's revenues were obtained from military contracts and, as of 2012, it was the fifth-largest military contractor in the world.[4] As of 2015, it was the third-largest defense contractor in the United States by defense revenue.[5] It was the world's largest producer of guided missiles, and was involved in corporate and special-mission aircraft until early 2007. [6] In 2018, the company had around 67,000 employees worldwide and annual revenues of about US$25.35 billion.[7]

Over the years, Raytheon shifted its headquarters among various Massachusetts locations: Cambridge from 1922 to 1928; Newton until 1941; Waltham until 1961; and finally, Lexington until 2003.[8]

  1. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2015-01-04. Retrieved 2015-01-04.{{cite web}}: CS1 maint: archived copy as title (link)
  2. ^ "Raytheon Company 2017 Annual Report (Form 10-K)". sec.gov. United States Securities and Exchange Commission. January 2018.
  3. ^ Kilgore, Tomi (April 4, 2020). "Raytheon Technologies' stock, formerly United Technologies, starts trading in". MarketWatch.
  4. ^ "Defense News Top 100". Defense News Research. 2012. Archived from the original on April 8, 2013. Retrieved 2013-01-01.
  5. ^ "Top 100 for 2015." Defense News. 2015. Retrieved on 2016-07-26.
  6. ^ Missile maker hopes to diversify, create technology for peacetime Archived 2012-02-11 at the Wayback Machine. Sazhightechconnect.com. Retrieved on 2012-02-04.
  7. ^ "Raytheon". Fortune. Retrieved 2019-06-11.
  8. ^ "New Raytheon Headquarters to Open Oct. 27 in Waltham, Mass". 2003-10-22. Retrieved 2019-09-18.

Developed by StudentB