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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.
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.
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, often in conjunction with Boeing, Lockheed Martin or Northrop Grumman, is also heavily involved in the satellite sensor business. Much of its Space and Airborne Systems division in El Segundo, CA is devoted to this, a business it inherited from Hughes. Examples of programs include:
Valiant Global Defense Services Inc. told California regulators last week that all 114 of its employees at the Army NTC will be laid off on July 30. 114 Army analysts face layoffs as Raytheon ...
Hughes logo, adopted during the period (1997-2000) between the sales of portions of the company to Raytheon and Boeing. Each subsidiary of Hughes Space and Communications Company placed their name at the bottom of the logo. 1932: Howard Hughes formed Hughes Aircraft Company as a division of Hughes Tool Company.
Raytheon made about $36.7 million in profit from the Gulf Cooperation Council contract additions and anticipated making more than $72 million on the joint operations center, but the Qatari government ultimately did not go forward with the deal, prosecutors said. Wednesday's penalty is just the latest legal fallout from RTX's business dealings.
RTX Corporation, the defense contractor formerly known as Raytheon, agreed Wednesday to pay more than $950 million to resolve allegations that it defrauded the government and paid bribes to secure ...