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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.
In 2020, United Technologies merged with Raytheon Company to form Raytheon Technologies, with Pratt & Whitney becoming one of the new corporation's four main subsidiaries. [ 9 ] In November 2022, Pratt & Whitney was awarded a contract for nearly $4.4 billion by the US DoD to build 100 jet engines for the U.S. military's Air Force, Navy, and ...
Raytheon Missiles & Defense (RMD) was one of four business segments of RTX Corporation. Headquartered in Tucson, Arizona, its president was Wes Kremer. [ 1 ] The business produced a broad portfolio of advanced technologies, including air and missile defense systems, precision weapons, radars, and command and control systems. [ 2 ]
Prosecutors in Boston alleged that Raytheon from 2012 to 2018 defrauded the Defense Department into paying over $111 million more than it should have in two contracts to purchase Patriot missile ...
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]
Raytheon Technologies insiders own about US$119m worth of shares (which is 0.1% of the company). This kind of significant ownership by insiders does generally increase the chance that the company ...
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.