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Lockheed Martin filed notices for more than 200 employees in Palmdale and more than 130 in Sunnyvale, and RTX Corp., formerly Raytheon, filed a notice for more than 130 employees in El Segundo.
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.
Defense contractor Northrop Grumman told its employees that about 1,000 jobs could be cut in Southern California after lost a big satellite contract.
Raytheon Intelligence & Space (RIS) was one of the four business segments of U.S. defense and aerospace conglomerate RTX Corporation. [5] Headquartered in Arlington, Virginia, RIS has a total employment of 39,000 and 2019 sales of US$15 billion. Roy Azevedo is the segment's president. [6]
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 was established in 1922, reincorporated in 1928, and adopted the Raytheon Company name in 1959.
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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]