Raytheon

Raytheon Company
Company typePublic
NYSE: RTN
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
Thomas A. Kennedy[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. It was previously involved in corporate and special-mission aircraft until early 2007. Raytheon was the world's largest producer of guided missiles.[3] In April 2020, the Raytheon Company merged with United Technologies Corporation to form Raytheon Technologies,[4] which changed its name to RTX Corporation in July 2023.

Raytheon was originally established in 1922, reincorporated in 1928, and adopted the Raytheon Company name in 1959. During 2018, the company had around 67,000 employees worldwide and annual revenues of approximately US$25.35 billion.[5] 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.[6] As of 2015, it was the third largest defense contractor in the United States by defense revenue.[7]

In 2003, Raytheon's headquarters moved from Lexington, Massachusetts, to Waltham, Massachusetts.[8] The company had previously been headquartered in Cambridge, Massachusetts, from 1922 to 1928, Newton, Massachusetts, from 1928 to 1941, Waltham from 1941 to 1961 and Lexington from 1961 to 2003.

  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. ^ Missile maker hopes to diversify, create technology for peacetime Archived 2012-02-11 at the Wayback Machine. Sazhightechconnect.com. Retrieved on 2012-02-04.
  4. ^ Kilgore, Tomi (April 4, 2020). "Raytheon Technologies' stock, formerly United Technologies, starts trading in". MarketWatch.
  5. ^ "Raytheon". Fortune. Retrieved 2019-06-11.
  6. ^ "Defense News Top 100". Defense News Research. 2012. Archived from the original on April 19, 2013. Retrieved 2013-01-01.
  7. ^ "Top 100 for 2015." Defense News. 2015. Retrieved on 2016-07-26.
  8. ^ "New Raytheon Headquarters to Open Oct. 27 in Waltham, Mass". 2003-10-22. Retrieved 2019-09-18.

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