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Raytheon Company
The Raytheon Company was a major US defense contractor and a
manufacturer
of weapons and military and commercial electronics, headquartered in Waltham
(Massachusetts, US).
Until 2007, Raytheon was also involved in corporate and special-mission
aircraft.
In 2019 Raytheon was the world's largers producer of guided missiles.
It was merged in 2020 with United Technologies to form Raytheon Technologies,
which changed its name to RTX Corporation in July 2003.
In April 2024, RTX sold its intelligence and cybersecurity division,
which became known as Nightwing.
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Raytheon crypto products on this website
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The company was established in 1922 as the American Appliance Company
in Cambridge (Massachusetts, US),
by Laurence K. Marshall and Vannevar Bush –
two former roommates of the Tufts University School of Engineering –
along with scientist Charles G. Smith.
One of their first products was Raytheon, 1 a so-called battery eleminiator
— in fact a valve-based rectifier —
that could be installed an a radio's battery compartment to allow it
to be powered from the AC mains.
In 1925, the company changed its name to Raytheon Manufacturing Company
and successfully marketed its rectifier under the Raytheon brand name.
In 1928, the company merged with QRS Company – a manufacturer of tubes
and switches – but went on as the Raytheon Manufacturing Company,
and would eventually become one of the world's largest producers
of vacuum tubes. 1
During WWII, Raytheon made fame by mass-producing the magnetron tube
– a British invention – that was needed for emerging radar systems.
By the end of the war, Raytheon produced 80% of all magnetrons in the world.
The household microwave oven would eventually be a spin-off of this.
Over the years, the company had a presence in the aviation and computer
industries, but has meanwhile sold most of the related business units.
One of its greatest achievements was the Apollo Guidance Computer that flew
all Apollo (moon) missions in the 1960s and 70s. In 1991 – during the
First Gulf War – they received great international exposure with their
Patriot missiles.
Following the First Gulf War, Raytheon tried to increase its market share in the
defense electronics business, by means of numerous acquisitions.
On 9 June 2019 it was announced that a merger of equals would take place
between Raytheon and the aerospace companies of United Technologies.
On 3 April 2020, the merger was completed and the merged company went on
as Raytheon Technologies Corporation (RTC). In July 2023, RTC changed its
name to RTX Corporation (RTX) [2]. It consisted of the following subsidaries:
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- Collins Aerospace
- Pratt & Whitney
- Raytheon (formerly Raytheon Intelligence & Space and Raytheon Missiles & Defense)
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In April 2024, RTX sold its cybersecurity and intelligence division was sold
to an undisclosed party for US$ 1.3 billion. The new company beame known as
Nightwing [3]. Although the buyer was not named, Reuters previously reported
it as private equity firm Blackstone [3].
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Raytheon means Light of the Gods.
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In British English: thermionic valves.
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1922 Founded as American Appliance Company in Cambridge (MA, USA) 1925 Renamed Raytheon Manufacturing Company 1928 Merger with QRS Company (tubes and switches) 1928 Move to Newton (MA, USA) 1933 Acquisition of Acme-Delta Company (transformers and auto parts) 1942 Mass production of magnetron - a WWII UK invention 1945 Produces 80% of the worlds magnetron tubes 1945 Invention of the microwave oven 1945 Acquisition of the Submarine Signal Company 1948 First manufacture of fuided missiles 1941 Move to Waltham (MA, USA) 1950 Introduction of Lark missile 1953 RAYDAC computer, followed by RAYCOM (not completed) 1954 Joint venture with Honeywell: Datamactic Corporation 1959 Acquisition of Apelco Applied Electronics (marine electronics) 1959 Name changed to Raytheon Company 1961 Merger with AC Cossor (UK) - sold by Philips - Raytheon Cossor 1961 Move to Lexington (MA, USA) 1965 Acquisition of Amana Refridgeration, Inc. 1967 First commercial (household) microwave oven 1966 Acquisition of DC Heath and Company (publisher) 1966 Apollo Guidance Computer (with MIT) 1980 Acquisition of Beech Aircraft Corporation 1991 Patriot ground-to-air missile 1993 Acquisition of Corporate Jets Inc. 1994 Founded the Raytheon Aircraft Company 1995 Acquisition of E-Systems (Dallas) 1 1996 Acquisition of Chrysler Corporation's defense business 1 1997 Acquisition of Texas Instruments defense unit 1997 Acquisition of Hughes Aircraft Company defense business 2 2003 Move to Waltham (MA, USA) 2007 Aircraft business sold off 2007 Acquisition of Sarcos (robotics) 2009 Acquisition of BBN Technologies 2010 Acquisition of Applied Signal Technology 2014 Contract for 3DELRR - next genration long-range radar 3 2015 Acquisition of Websense (cybersecurity) - Raytheon Websense 2015 Acquisition of Foreground Security - Raytheon Websense 2016 Acquisition of Stonesoft (firewalls) from Intel - Forcepoint 2016 Patriot missile upgrade for Poland 2017 Large business deals with Saudi Arabia 2019 Sold NASAM and Patriot missile business to Quatar 2020 Merger with United Technologies - Raytheon Technologies Corporation 4 2023 Renamed RTX 2023 Raytheon Intelligence & Space merged with Raytheon Missiles & Defense 2024 Cybersecurity and Intelligence business sold for $1.3 billion (Nightwing)
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Later sold to L-3 Communications.
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Included General Dynamics
missile business, Delco Electronics (defense)
and Magnavox Electronic Systems.
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Protested by competitors Lockheed Martin and Northrop Grumman, and delayed
until 2017.
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Although United Technologies (UTC) will be the mains survivor, RTC will be
headquartered in Waltham (MS) rather than Farmington (CT).
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© Crypto Museum. Created: Tuesday 08 October 2019. Last changed: Saturday, 20 April 2024 - 23:51 CET.
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![Raytheon corporate logo [1]](svg/raytheon_logo.svg){kind=logo}
