Raytheon
History
Raytheon is an American multinational aerospace and defense conglomerate corporation. It was established in 1922 as the American Appliance Company by Laurence K. Marshall and Vannevar Bush. The company initially focused on refrigeration technology but soon expanded into electronics. In 1925, it was renamed Raytheon Manufacturing Company, and in 1928, it introduced the first commercial microwave oven.
During World War II, Raytheon played a significant role in the war effort. The company's radar technology was instrumental in detecting enemy aircraft, and its guided missiles were used extensively in combat. After the war, Raytheon continued to innovate and expand, becoming a major player in the aerospace and defense industries.
In 2020, Raytheon merged with United Technologies to form Raytheon Technologies Corporation, creating one of the largest aerospace and defense companies in the world.
Products and Services
Raytheon's products and services are divided into four main segments: Intelligence, Space & Airborne Systems; Integrated Defense Systems; Missile Systems; and Forcepoint.
The Intelligence, Space & Airborne Systems segment provides a wide range of advanced sensors, training, and cyber and software solutions. This includes radar systems, electro-optical/infrared sensors, electronic warfare solutions, and precision weapons.
The Integrated Defense Systems segment offers integrated air and missile defense; large land- and sea-based radar solutions; command, control, communications, computers, cyber and intelligence solutions; and naval combat and ship electronic systems.
The Missile Systems segment develops and produces missile systems for the armed forces of the U.S. and allied nations. This includes air-to-air missiles, air-to-surface missiles, cruise missiles, ballistic missiles, and anti-ballistic missiles.
Forcepoint, a joint venture with Vista Equity Partners, provides cyber security products and services to commercial and government customers.
Research and Development
Raytheon invests heavily in research and development (R&D), focusing on areas such as artificial intelligence, machine learning, cybersecurity, quantum computing, and hypersonic technologies. The company's R&D efforts have resulted in numerous technological breakthroughs and patents.
Corporate Responsibility
Raytheon is committed to corporate responsibility and sustainability. The company's initiatives focus on ethics and governance, operational excellence, workforce and community, and global impact. Raytheon's sustainability efforts include reducing greenhouse gas emissions, conserving water, and minimizing waste.