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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.
Raytheon acquired an 80% interest in Websense in April 2015 for $1.9 billion and acquired the remaining 20% interest in 2019. In 2015, Websense acquired network security vendor Stonesoft from Intel and in 2016, the company was renamed Forcepoint. Francisco Partners acquired the company from Raytheon successor RTX Corporation in January 2021.
This was the beginning of the Pratt & Whitney Aircraft Company. [5] Pratt & Whitney Aircraft's first engine, the 425-horsepower (317 kW) R-1340 Wasp , was completed on Christmas Eve 1925. On its third test run it easily passed the U.S. Navy qualification test in March 1926; by October 1926, the U.S. Navy had ordered 200.
The article Why Raytheon's Stock Is Worth Owning originally appeared on Fool.com. Chuck Saletta owns shares of United Technologies. The Motley Fool owns shares of Lockheed Martin, Northrop Grumman ...
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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.
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 ...