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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.
Three bids were received, and in January 1998 a joint venture between Hughes Aircraft and Raytheon, located in El Segundo, California, won the initial contract—valued at $11.9 million—as part of an estimated $292 million contract if all options were exercised. [6] Since that time, numerous studies and requirements changes have been made.
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.
On Wednesday, RTX Corporation (NYSE:RTX) said Raytheon has secured a three-year, two-phase contract from DARPA to develop foundational ultra-wide bandgap semiconductors. These will be based on ...
1997: The aerospace and defense operations of Hughes Electronics (Hughes Aircraft) merged with Raytheon; Raytheon also acquired one half of the Hughes Research Laboratories. 2000: Hughes Space and Communications Company remained independent until 2000, when it was purchased by Boeing and became Boeing Satellite Development Center.
In 1995, Hughes Space and Communications Company became the world's biggest supplier of commercial satellites. In 1997 GM transferred Delco Electronics from Hughes Electronics to its Delphi Automotive Systems and later in the year sold the aerospace and defense operations of Hughes Electronics (Hughes Aircraft) to Raytheon.
In 2014 the CVUSD district included a portion of eastern El Segundo with a high concentration of businesses and no residents. This area, also within the Wiseburn School District, houses operations of various companies, including Boeing, Mattel, Northrop Grumman, Raytheon Technologies, and Xerox. As of 2014 the concentration of businesses gives ...