The Raytheon Company is a major US defense contractor and a
of weapons and military and commercial electronics, headquartered in Waltham
Until 2007, Raytheon was also involved in corporate and special-mission
In 2019 Raytheon was the world's largers producer of guided missiles.
It will be merged in 2019 with United Technologies.
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
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.
Raytheon means Light of the Gods.
In British English: thermionic valves.
Raytheon crypto products on this website
1922Founded as American Appliance Company
1925Renamed Raytheon Manufacturing Company
1928Merger with QRS Company (tubes and switches)
1933Acquisition of Acme-Delta Company (transformers and auto parts)
1942Mass production of magnetron - a WWII UK invention
1945Produces 80% of the worlds magnetron tubes
1945Invention of the microwave oven
1945Acquisition of the Submarine Signal Company
1948First manufacture of fuided missiles
1950Introduction of Lark missile
1953RAYDAC computer, followed by RAYCOM (not completed)
1954Joint venture with Honeywell: Datamactic Corporation
1959Acquisition of Apelco Applied Electronics (marine electronics)
1959Name changed to Raytheon Company
1961Merger with AC Cossor (UK) - sold by Philips - Raytheon Cossor
1965Acquisition of Amana Refridgeration, Inc.
1967First commercial (household) microwave oven
1966Acquisition of DC Heath and Company (publisher)
1966Apollo Guidance Computer (with MIT)
1980Acquisition of Beech Aircraft Corporation
1991Patriot ground-to-air missile
1993Acquisition of Corporate Jets Inc.
1994Founded the Raytheon Aircraft Company
1995Acquisition of E-Systems (Dallas) 1
1996Acquisition of Chrysler Corporation's defense business 1
1997Acquisition of Texas Instruments defense unit
1997Acquisition of Hughes Aircraft Company defense business 2
2007Aircraft business sold off
2007Acquisition of Sarcos (robotics)
2009Acquisition of BBN Technologies
2010Acquisition of Applied Signal Technology
2014Contract for 3DELRR - next genration long-range radar 3
2015Acquisition of Websense (cybersecurity) - Raytheon Websense
2015Acquisition of Foreground Security - Raytheon Websense
2016Acquisition of Stonesoft (firewalls) from Intel - Forcepoint
2016Patriot missile upgrade for Poland
2017Large business deals with Saudi Arabia
2019Merger with United Technologies - Raytheon Technologies Corporation 4
2019Sold NASAM and Patriot missile business to Quatar
Later sold to L-3 Communications.
Included General Dynamics
missile business, Delco Electronics (defense)
and Magnavox Electronic Systems.
Protested by competitors Lockheed Martin and Northrop Grumman, and delayed
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, 29 October 2022 - 10:03 CET.