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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.
In August 2017, it acquired user and entity behavior analytics company RedOwl. [27] [30] In the fourth quarter of 2019, Raytheon acquired the remaining 20% of the company from Vista Ventures Partners LLC for $588 million. [2] In October 2020, Francisco Partners announced their agreement to acquire Forcepoint from Raytheon successor RTX Corporation.
The combined company, valued at more than $100 billion after planned spinoffs, would be the world's second-largest aerospace-and-defense company by sales behind Boeing. [21] Although UTC was the nominal survivor, the merged company was headquartered at legacy Raytheon's former base in Waltham, Massachusetts. [22] The merger was completed in ...
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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 ...
The business was a combination of two Raytheon Company legacy businesses, Raytheon Integrated Defense Systems (IDS) and Raytheon Missile Systems (RMS), which operated a plant formerly owned by the Hughes Aircraft Company. [citation needed] Raytheon had been criticized for selling arms to Saudi Arabia that were used in the Yemen Civil War. These ...
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.