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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.
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.
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 merger is expected to be wholly in the first half of 2020 once United Technologies has completely separated from Otis and Carrier. The combined firm with Raytheon will be worth $100 million.
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.
Gregory J. Hayes [3] (born 1960/61) is an American businessman. He was the chairman and CEO of United Technologies from September 2016 until April 2020, when United Technologies merged with Raytheon, at which point he became the CEO of the merged company, RTX Corporation.
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 ...
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