Raytheon

Raytheon is a business unit of RTX Corporation and is a major U.S. defense contractor and industrial corporation with manufacturing concentrations in weapons, military, and commercial electronics. Raytheon was founded in 1922 and in 2020 it merged with United Technologies Corporation to form Raytheon Technologies, which changed its name to RTX Corporation in July 2023. Raytheon was established in 1922, reincorporated in 1928, and adopted the Raytheon Company name in 1959. More than 90% of Raytheon's revenues were obtained from military contracts and by 2012, it was the fifth-largest military contractor in the world. In 2015, it had become the third-largest defense contractor in the United States, by defense revenue. It was the world's largest producer of guided missiles, and was involved in corporate and special-mission aircraft until early 2007. As of 2018, the company had 67,000 employees and annual revenues of about US$ 25.35 billion. Raytheon has moved its headquarters among various Massachusetts locations: Cambridge from 1922 to 1928; Newton until 1941; Waltham until 1961; Lexington until 2003; and then Waltham again through the present day.