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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.
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 ]
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 hearing aid was first mass-produced consumer electronics to be miniaturized. By 1948 Raytheon had 98% of the hearing aid tube market. Because of the invention transistor by Bell Labs in 1948, Raytheon, under Krim's direction started making transistors for hearing aids. Their first transistor product was the CK703 point contact transistor.
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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]
In 1954, it began making air conditioners. [6] Amana was acquired in 1965 by Raytheon, [7] which had invented the microwave oven in 1947, and introduced the commercial Radarange Model 1611 in 1954. [5] In 1967, Amana introduced a consumer model of the Radarange, the first popular microwave designed for home use. [4]
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 ...