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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]
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 company began as a division of the American company Raytheon, a manufacturer of defense systems, when it launched its first echo depth sounder in 1923. In 1958 ,Raytheon was able to increase its product offering and market share through the takeover of Apelco. In 1974, Derek Fawcett, a British-born inventor and long-time sailor, founded ...
The new company reported $26 billion of combined sales in 2019 and is composed of 68,000 employees. [1] [6] In 2020 United Technologies merged with Raytheon Company to form Raytheon Technologies. In July 2023, Collins agreed to sell its actuation and flight controls business unit to French multinational Safran in an all-cash deal worth $1.8 ...
Raytheon has added a new asset to its portfolio. The company announced Thursday that it acquired Maryland-based Visual Analytics, a privately held firm that Raytheon says broadens its ...
Many Raytheon Technologies Corporation ( NYSE:RTX ) insiders ditched their stock over the past year, which may be of...
Raytheon then owned TI's mercury cadmium telluride detector business and infrared (IR) systems group. In California, it also had Hughes infrared detector and an IR systems business. When again the US government forced Raytheon to divest itself of a duplicate capability, the company kept the TI IR systems business and the Hughes detector business.
United Technologies and Raytheon are seeking to pool resources through what would be the biggest merger in the aerospace and defense sectors. United Technologies provides primarily commercial ...