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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.
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.
Raytheon claimed to have invested $45 million in the project. [20] Another factor that contributed to the cancellation of the project was costs attributed with guideway construction. [ 33 ] Shortly after Raytheon announced it would leave the PRT business, they expressed slight interest in still building the system. [ 34 ]
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 ...
In December 2007, the Tribune Company was bought out by Chicago real estate magnate Sam Zell in an $8.2 billion deal. Zell was the company's new chairman. [ 134 ] A year after going private, following a $124 million third-quarter loss, the Tribune Company filed for Chapter 11 bankruptcy protection on December 8, 2008.
Buybacks, however, seem to be Raytheon's preferred method of returning shareholder cash -- between 2006 and 2010, Raytheon repurchased over $6 billion of its own shares versus $2.3 billion paid as ...
Tribune Publishing Company (briefly Tronc, Inc.) [2] is an American newspaper print and online media publishing company. The company, which was acquired by Alden Global Capital in May 2021, has a portfolio that includes the Chicago Tribune, the Orlando Sentinel, South Florida's Sun-Sentinel, The Virginian-Pilot, the Hartford Courant, additional titles in Pennsylvania and Virginia, syndication ...
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.