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RTX Corporation, formerly Raytheon Technologies Corporation, [3] [4] is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia.It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services.
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.
Originally founded as LTV Electro Systems in the mid-1960s, the company changed its name to E-Systems in the early 1970s. [4] [5] In 1995, Raytheon Company acquired E-Systems, Inc., [6] a Texas-based company that designed, developed, produced, and serviced high-technology systems including surveillance, verification, and aircraft ground-land navigation equipment.
Raytheon Intelligence & Space is the result of a merger between two former Raytheon Company businesses: Raytheon Intelligence, Information and Services (IIS) and Raytheon Space and Airborne Systems (SAS). The merger was finalized on the day that Raytheon Technologies was formed, on 3 April 2020.
Raytheon patented the dielectric heating device, naming it the Radarange, and in 1947 the first commercially available microwave oven hit the market. What started as an 800-pound device priced ...
Raytheon's "Cyber Products" business was also merged into the new brand. [26] [28] At the time, Forcepoint had 2,000 employees, with one-third of its customers being departments in the federal government of the United States. [28] Forcepoint was the smallest of five major businesses owned by Raytheon, but had the highest profit margin. [28]
The investigations had hung over RTX, formerly known as Raytheon Technologies, since 2019. The company merged with United Technologies in 2020 and changed its name last year.
Raytheon Technologies Corp, which has commercial aircraft makers Boeing and Airbus as customers, expects to face inflation pressure in the coming years, its chief executive officer said on Wednesday.