Raytheon Technologies

Raytheon Technologies Corporation
legal form	Corporation
ISIN	US75513E1010
founding	April 3, 2020
Seat	Waltham , Massachusetts United States;
management	Gregory J. Hayes (CEO)
Number of employees	195,000 (2020)
sales	$ 97.7 billion (2020)
Branch	Aviation, armaments
Website	www.rtx.com

Raytheon Technologies Corporation is a multinational conglomerate headquartered in Waltham, Massachusetts . The company develops and manufactures defense and aerospace technology, including aircraft engines , avionics , cyber technology , missiles , air defense systems and drones . It is one of the largest military contractors, making a significant portion of its revenue from government contracts.

Raytheon Technologies was created in 2020 from the merger of the two companies Raytheon and United Technologies . Before the merger, United Technologies spun off its subsidiaries Otis Elevator Company and Carrier Corporation . United Technologies is the legal successor to the merger, but changed its name to Raytheon Technologies and moved its headquarters from Farmington to Waltham. The merger created one of the world's largest aerospace companies.

Raytheon Technologies stock is part of the Dow Jones Industrial Average stock index .

history

The Raytheon Company was founded in Cambridge, Massachusetts in 1922 by Laurence K. Marshall , Vannevar Bush and Charles G. Smith as the American Appliance Company. The focus, which was originally on the new cooling technology, soon shifted to electronics. In 1925 the company changed its name to Raytheon Manufacturing Company. The name Raytheon is made up of "ray" (English for "ray") and "theon" (Greek for "from the gods" or "divine"). During World War II , Raytheon manufactured magnetron tubes for use in microwave radar sets and subsequently for complete radar systems. After the war it became an important manufacturer of armaments and at the same time continued to produce electronic consumer goods. Raytheon developed the world's first microwave oven in 1947 .

In 1929, Boeing's William Boeing and Frederick Rentschler of Pratt & Whitney formed the United Aircraft and Transport Corporation, a large, vertically integrated, federated company that brought together business interests in all aspects of aviation, including civil and military aviation. The central research center was founded in 1929. In 1934 United Aircraft and Transport was split into United Aircraft Corporation, Boeing Airplane Company , and United Air Lines Transport . During World War II, United Aircraft ranked sixth among US companies for the value of production orders. In 1979 the United Aircraft company was renamed United Technologies. In 2019, the company had sales of approximately $ 77 billion and over 200,000 employees.

In June 2019 United Technologies announced its intention to merge with defense company Raytheon to form Raytheon Technologies Corporation. The combined company, valued at more than $ 100 billion after a proposed merger, would be the second most valuable aerospace and defense company in the world after Boeing. Although United Technologies will be the legal successor, the new company will be headquartered in Waltham, where Raytheon is headquartered, rather than at United Technologies’s previous headquarters in Farmington. The merger was completed in April 2020.

subsidiary company

Web links

Official website

Individual evidence

↑ Loren Thompson: Raytheon Technologies Is Posturing To Be The Pentagon's Top Cyber Supplier — Both Offensive And Defensive. Retrieved May 13, 2020 (English).
↑ ^a ^b finanzen net GmbH: Megadeal: These two US corporations are merging - that will happen on April 3rd - April 4th, 2020 - BÖRSE ONLINE. Retrieved May 13, 2020 (English).
^ Raytheon Company | American company. Retrieved May 13, 2020 (English).
↑ Suddenly it melted away on Wissenschaft.de , accessed February 26, 2020
↑ 2019 Annual Report. Retrieved May 13, 2020 (English).
^ Cara Lombardo and Doug Cameron: United Technologies Strikes Deal to Merge With Raytheon . In: Wall Street Journal . June 10, 2019, ISSN 0099-9660 ( wsj.com [accessed May 13, 2020]).

[1] Loren Thompson: Raytheon Technologies Is Posturing To Be The Pentagon's Top Cyber Supplier — Both Offensive And Defensive. Retrieved May 13, 2020 (English).

[:0-2] zen net GmbH: Megadeal: These two US corporations are merging - that will happen on April 3rd - April 4th, 2020 - BÖRSE ONLINE. Retrieved May 13, 2020 (English).

[3] Raytheon Company | American company. Retrieved May 13, 2020 (English).

[4] Suddenly it melted away on Wissenschaft.de , accessed February 26, 2020

[5] 2019 Annual Report. Retrieved May 13, 2020 (English).

[6] Cara Lombardo and Doug Cameron: United Technologies Strikes Deal to Merge With Raytheon . In: Wall Street Journal . June 10, 2019, ISSN 0099-9660 ( wsj.com [accessed May 13, 2020]).