[49] Although UTC will be the nominal survivor, the merged company will be headquartered in Waltham, Massachusetts, where Raytheon is based, rather than UTC's former base in Farmington, Connecticut. The Lowell Sun (MediaNews Group), United Aircraft and Transport Corporation, aircraft engine and airframe manufacturing, Raytheon Intelligence, Information and Services, "United Technologies Corporation 2019 Form 10-K Annual Report", "United Technologies and Raytheon Complete Merger of Equals Transaction", "CEO: United Tech. Weakness are the areas where Raytheon Company can improve upon. Established in 1922, the company reincorporated in 1928 and adopted its present name in 1959. Company Description. In November 2008, UTC's Carrier Corporation acquired NORESCO, an energy service company. The expanded business will now include Combat & Sensing Systems, along with Raytheon UK. IIS combines the operations of the former Intelligence and Information Systems business, based in Garland, Texas, and RTSC, based in Dulles, Va. 5.2k Reviews--Jobs. [26] In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from Intel Security for an undisclosed amount and renamed itself to Forcepoint. This analysis — both the content and the learning paths — is fully addressed with your business goals in mind. John D. Harris II, formerly president of Raytheon Technical Services Company LLC (RTSC), has been named vice president and general manager of the new business, reporting to Dugle. In 1959, Raytheon acquired the marine electronics company Apelco Applied Electronics, which significantly increased its strength in commercial marine navigation and radio gear, and changed its name to Raytheon Company. [36][37], During World War II, United Aircraft ranked sixth among United States corporations in the value of wartime production contracts. Cookies help us to improve your website experience. Raytheon Technologies Corporation - Exchange Offer, June 10, 2020 188.5 KB Raytheon Technologies announces early tender results and receipt of requisite consents to amend outstanding notes and related indentures of Goodrich Corporation, Raytheon Company and Rockwell Collins, Inc. 82 KB Raytheon Company is deeply committed to global partnerships, providing solutions and services to valued customers in more than 80 countries and building upon international relationships to best meet the national security and technology needs of nations around the world. Richard R. Yuse continues to lead Raytheon’s Space and Airborne Systems (SAS) business based in El Segundo, Calif. [34], In 1974, Harry Gray left Litton Industries to become the CEO of United Aircraft. 4,265 Raytheon Technologies reviews. Company structure Businesses. At war's end in 1945 the company was responsible for about 80 percent of all magnetrons manufactured. [8], The company has four subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.[9]. 1.4k Interviews. It is one of the largest aerospace, intelligence services providers,[3] and defense manufacturers in the world by revenue and market capitalization. The Raytheon corporation researches, develops, and manufactures advanced technology products in the aerospace and defense industry, including aircraft engines, avionics, aerostructures, cybersecurity, missiles, air defense systems, and drones. Some Wall Street watchers questioned the true value of M&A at almost any price, seemingly for its own sake. [47] The spin off was completed in March 2020. It was previously involved in corporate and special-mission aircraft until early 2007. In 1948, Raytheon began to manufacture guided missiles, including the SAM-N-2 Lark, the air-to-air AIM-7 Sparrow, and the ground-to-air MIM-23 Hawk missiles. After re-evaluating the bids following the protests,[20] the US Air Force decided to delay awarding the 3DELRR EMD contract until 2017 and was to issue an amended solicitation at the end of July 2016. He earned his doctorate in applied physics from Stanford in 1992. Crowley holds a bachelor’s degree in mechanical engineering and a master’s degree in manufacturing systems engineering from the University of Texas at Austin. Company, an American manufacturer of electron tubes and switches, to form the successor of the same name, Raytheon Manufacturing Company. On the positive side for 1999, Raytheon contracted with the United Kingdom to develop a $1.3 billion high-tech radar surveillance … [citation needed] In 1933 it diversified by acquiring Acme-Delta Company, a producer of transformers, power equipment, and electronic auto parts. Education level as well … [2][6] Former UTC CEO and chairman Gregory J. Hayes is the CEO of the combined company,[7] and former Raytheon CEO and chairman Thomas A. Kennedy is the Executive Chairman. [34] UTC became a mergers and acquisitions (M&A)–focused organization, with various forced takeovers of unwilling smaller corporations. [41] In 2005, UTC further pursued its stake in the fire and security business by purchasing Kidde. [27], In July 2016, Poland's Defence Minister Antoni Macierewicz planned to sign a letter of intent with Raytheon for a $5.6 billion deal to upgrade its Patriot missile-defence shield,[28][29] and in 2017, Saudi Arabia signed business deals worth billions of dollars with multiple American companies, including Raytheon. A free inside look at company reviews and salaries posted anonymously by employees. [10] Its focus, which was originally on new refrigeration technology, soon shifted to electronics. Raytheon Company regularly places among the Pentagon's top ten prime contractors. Harris serves on the RTCA NextGen Advisory Committee, the Board of the USO of Metropolitan Washington, D.C., and the National Advisory Council on Minority Business Enterprise with the U.S. Department of Commerce, and is a member of the Council of Trustees for the Association of the United States Army. Over the course of his 37-year career with the company, Yuse served in a number of increasingly senior roles within the IDS business, including senior management positions responsible for programs such as the Ballistic Missile Defense System, THAAD, Upgraded Early Warning Radar and the Sea-Based X-Band Radar. Lynn A. Dugle, Raytheon Company vice president and president, Raytheon Intelligence, Information and Services (IIS), previously served as president of Raytheon’s Intelligence and Information Systems business. After the war, Raytheon developed the first guidance system for a missile that could intercept a flying target. [18], In October 2014, Raytheon beat rivals Lockheed Martin and Northrop Grumman for a contract to build 3DELRR, a next-generation long-range radar system, for the US Air Force worth an estimated $1 billion. In addition to its US domestic facilities, Raytheon has offices in countries worldwide, including Australia, Belgium, Brazil, Canada, Chile, China, Czech Republic, Egypt, France, Germany, Greece, India, Italy, Japan, Kuwait, Malaysia, Marshall Islands, New Zealand, Norway, Republic of Korea, Singapore, Saudi Arabia, S… Prior to his leadership role at IDS, Kennedy served as vice president at Space and Airborne Systems (SAS) where he oversaw the strategy and operations for Tactical Airborne Systems. A free inside look at company reviews and salaries posted anonymously by employees. 13k Salaries. 17 ... * If you’re not interested in business-to-government industry, it could … It is one of the largest aerospace, intelligence services providers, and defense manufacturers in the world by revenue and market capitalization. Introduction. Before joining industry, Lawrence served as the staff director for the Select Committee on Intelligence for the U.S. Senate and as a deputy director of the Information Systems Office of the Defense Advanced Research Projects Agency. The combined business had annual external sales1 of approximately $5.5 billion in 2012. [14] Raytheon also divested itself of several nondefense businesses in the 1990s, including Amana Refrigeration and Seismograph Service Ltd (sold to Schlumberger-Geco-Prakla). [33] After the Air Mail scandal of 1934, the U.S. government concluded that such large holding companies as United Aircraft and Transport were anti-competitive, and new antitrust laws were passed forbidding airframe or engine manufacturers from having interests in airlines. Accept Dr. Taylor W. Lawrence, Raytheon Company vice president and president, Raytheon Missile Systems (RMS), previously served as Raytheon’s vice president of Engineering, Technology and Mission Assurance, which included leading the company’s activities in the strategic areas of technology, research, engineering, operations, performance excellence and Raytheon Six Sigma™. Long-Term Debt to Equity for the company is recorded at 45.10, with the Long-Term Debt to Total Capital now at 30.70. By clicking, you agree to our privacy notice.. ", Raytheon Announces Agreement to Purchase BBN Technologies, Raytheon Completes Acquisition of BBN Technologies, "Raytheon buys Applied Signal Technology", Raytheon wins deal for next-generation U.S. Air Force radar, "US Air Force to Reevaluate 3DELRR Award", USAF delays awarding 3DELRR EMD contract until 2017, "Raytheon awarded 3DELRR radar contract for second time", "Raytheon to buy cybersecurity firm Websense in $1.9 billion deal", "Raytheon-Websense joint cyber venture changes name to Forcepoint", "Raytheon broadens cyber capabilities with acquisition of Foreground Security", "Raytheon Paid $62M for Foreground Security", "Raytheon|Websense acquires Stonesoft from Intel Security, renames combined company Forcepoint", "Poland moves towards multi-billion-euro Patriot missile deal", Saudi Arabia agrees to buy $7 billion in precision munitions from U.S. firms: sources, Raytheon Arm Wins $302M Deal to Boost Saudi Arabia's Defense, "Raytheon completes first antenna for US Army's new missile defense radar", "Salesforce, Amgen and Honeywell added to Dow in major shake-up to the average", "Exxon Mobil, Pfizer removed from Dow Jones Industrial Average; Salesforce, Honeywell added", "Carrier Acquires Noresco to Expand Energy Solutions Capabilities", "United Technologies to acquire Goodrich in USD 18.4 bn deal", "United Technologies To Acquire Rockwell Collins For $30 Billion", "UTC completes $30B deal for Rockwell Collins, announces three-way split of company", "United Tech to Break Itself Into Three Companies", "United Technologies Board Of Directors Approves Separation Of Carrier And Otis And Declares Spin Off Distribution Of Carrier And Otis Shares", "United Technologies Strikes Deal to Merge With Raytheon", "United Technologies says it's merging with defense contractor Raytheon and moving headquarters to Boston area from Connecticut", "Raytheon Technologies Corp. begins trading on NYSE", "Raytheon sheds 8,000 aerospace jobs amid collapse in air travel", "Raytheon Technologies Board of Directors Authorizes $5 Billion Share Repurchase Program", "Raytheon's board OKs $5 billion share buyback", https://en.wikipedia.org/w/index.php?title=Raytheon_Technologies&oldid=1020437909, Former components of the Dow Jones Industrial Average, Companies listed on the New York Stock Exchange, Conglomerate companies of the United States, Electronics companies of the United States, Engineering companies of the United States, Manufacturing companies based in Massachusetts, Technology companies based in the Boston area, Companies based in Waltham, Massachusetts, Multinational companies headquartered in the United States, Electronics companies established in 2020, Manufacturing companies established in 2020, Conglomerate companies established in 2020, Pages with non-numeric formatnum arguments, All Wikipedia articles written in American English, Articles with unsourced statements from March 2017, Wikipedia articles containing buzzwords from September 2019, Creative Commons Attribution-ShareAlike License, This page was last edited on 29 April 2021, at 02:41. To flatten the organizational structure, Raytheon Systems Company was reorganized into several smaller units: Electronic Systems; Command, Control, Communication and Information Systems; Raytheon Technical Services Company; and Aircraft Integration Systems. Prior to joining Raytheon, Lawrence served as a sector vice president and general manager of a C4ISR and Space Sensors business. During the war Raytheon also pioneered the production of shipboard radar systems, particularly for submarine detection. 46. countries. The diversification was partially to balance civilian business against any overreliance on military business. A former captain in the U.S. Air Force, Kennedy holds a doctorate in engineering from the University of California Los Angeles, and bachelor’s and master’s degrees in electrical engineering from Rutgers University and the Air Force Institute of Technology, respectively. It was announced that starting August 31, 2020, Raytheon Technologies would be substituted in the Dow Jones Industrial Average by Honeywell International. Finally, the long-term debt to capital ratio is 30.70. Her career has included increasingly senior roles in quality, manufacturing operations, supply chain management, financial analysis and strategic planning. Raytheon Company : Amber Engineering, Inc. 100.000000 % California (P) HRL Laboratories, LLC : 33.333333 % Delaware : HRL Research Analytics, Inc. All Rights Reserved. Module code: UGB335. Raytheon is composed of five major business divisions: [38] Integrated Defense Systems—based in Tewksbury, Massachusetts; Ralph Acaba, President; Intelligence, Information and Services—based in Dulles, Virginia; Dave Wajsgras, President; Missile Systems—based in Tucson, Arizona; Wesley Kremer, President [21] In 2017 the Air Force again awarded the contract to Raytheon. [34] The next year (1976), UTC forcibly acquired Otis Elevator. EV/EBITDA Last EV/EBITDA(e) 2021 EV/EBITDA NTM ; ... Standard beta is co-called levered, which means that it reflects the capital structure of the company (including the financial risk … Overview Overview. [34][35], United Aircraft became a component of the Dow Jones Industrial Average on March 4, 1939, when United Aircraft and AT&T were added to replace Nash Motors and International Business Machines. Headquartered in Tewksbury, Mass., IDS will now include two new product lines: The expanded business had annual external sales1 of approximately $6 billion in 2012. 1.5k Benefits. This reduces ongoing maintenance of the course because the courses are contained in one course structure and not in separate courses. And they mean operators can employ interceptors to engage their targets with even greater precision. “We will remain focused on success for our global customers while returning value to our shareholders.”. [24] In October 2015, Raytheon|Websense acquired Foreground Security, a provider of security operations centers, managed security service solutions[buzzword] and cybersecurity professional services,[25] for $62 million. [22], In May 2015, Raytheon acquired cybersecurity firm Websense, Inc. from Vista Equity Partners for $1.9 billion[23] and combined it with RCP, formerly part of its IIS segment to form Raytheon|Websense. He also received a master’s degree in management from Stanford University as a Sloan Fellow. Atlantic Organization for Security (AOS) © 2021. Before the merger, UTC spun-off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. Also in 2005, UTC acquired Boeing's Rocketdyne division, which was merged into the Pratt & Whitney business unit and renamed Pratt & Whitney Rocketdyne (later sold to Aerojet and merged into Aerojet Rocketdyne). 1963 D. Brainerd Holmes, a former director of the American manned space flight program, joined Raytheon in 1963 to manage the company's military business, reporting to Phillips. He was previously vice president for mission systems integration at SAS with responsibility for the UK Ministry of Defence’s Airborne Stand-Off Radar program. [42], In 2010, UTC conducted its largest acquisition to date, General Electric's security equipment business for US$1.8 billion, a move to support UTC's Fire & Security unit.[43]. [51], On July 28, 2020 the company announced cutting of over 8,000 jobs in its commercial aviation division due to travel slowdown induced by the global COVID-19 pandemic. If you object to these anonymous cookies, click here to learn how to configure your browser to delete these cookies and prevent them from being placed again. “Our new structure will help us enhance productivity, agility and affordability in a challenging defense and aerospace market environment,” said William H. Swanson, Raytheon’s Chairman and Chief Executive Officer. Rather than aviation being the central theme of UTC businesses, high tech (of any type) was the new theme. We use cookies to collect anonymous information. Yuse earned both his bachelor’s and master’s degrees in electrical engineering from Northeastern University, where he is now a member of the University’s Corporation Governing Board. Company Overview Organization Structure Locations FAQ. [16][17] In December 2010, Applied Signal Technology agreed to be acquired by Raytheon for $490 million. [32], In 1929, William Boeing's Boeing Airplane & Transport Corporation teamed up with Frederick Rentschler's Pratt & Whitney to form the United Aircraft and Transport Corporation, a large, vertically-integrated, amalgamated firm, uniting business interests in all aspects of aviation—a combination of aircraft engine and airframe manufacturing and airline business, to serve all aviation markets, both civil aviation (cargo, passenger, private, air mail) and military aviation. About Raytheon. Engaged Employer. These cookies do not allow us to identify you. [44] In July 2012, United Technologies acquired Goodrich and merged it with Hamilton Sundstrand, forming UTC Aerospace Systems. [38] (The change became official on May 1, 1975.) ... mission systems, and power and control systems that serve customers across the commercial, regional, business aviation and military sectors. Dr. Thomas A. 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