Raytheon

Type: Public
Founded: Cambridge, Massachusetts (1922)
Headquarters: Waltham, Massachusetts
Key people: William H. Swanson, Chairman and CEO
Industry: Aerospace and defense
Products: Conglomerate
Website: www.raytheon.com

General Information

Raytheon Company (NYSE: RTN) is a major American defense contractor and industrial corporation with core manufacturing concentrations in defense systems and defense and commercial electronics. It was previously involved in corporate and special-mission aircraft until early 2007.

Established in 1922, the company reincorporated in 1928 and adopted its present name in 1959. The company has around 73,000 employees worldwide and annual revenues of approximately US$20 billion. More than 90 percent of Raytheon's revenues were obtained from defense contracts and, as of 2007, it was the fifth largest defense contractor in the world, and is the fourth largest defense contractor in the United States by revenue (after Lockheed Martin, Boeing and Northrop Grumman).

Raytheon Headquarters was moved from Lexington, Massachusetts to Waltham, Massachusetts on October 27, 2003. The company was previously headquartered in Waltham from 1941 until it opened its then Lexington headquarters in 1961.

Business Model

Raytheon is composed of six major business divisions:

Integrated Defense Systems — based in Tewksbury, Massachusetts; Dan Smith, President

Intelligence and Information Systems — based in Garland, Texas; Mike Keebaugh, President

Missile Systems — based in Tucson, Arizona; Louise Francesconi, President

Network Centric Systems — based in McKinney, Texas; Colin Schottlaender, President

Raytheon Technical Services Company LLC — based in Reston, Virginia; Rick Yuse, President

Space and Airborne Systems — based in El Segundo, California; Jon Jones, President

Raytheon’s businesses are supported by several dedicated international operations including: Raytheon Australia (Managing Director, Ron Fisher); Raytheon Canada Limited; operations in Japan; Raytheon Microelectronics in Spain; Raytheon System Limited in the UK; and ThalesRaytheonSystems, France.

Products and Services

Raytheon's electronics and defense-systems units produce air-, sea-, and land-launched missiles, aircraft radar systems, weapons sights and targeting systems, communication and battle-management systems, and satellite components. Raytheon is also a leader in marine electronics, manufacturing shipboard radar and sonar systems, autopilots, depth finders, and Global Positioning System (GPS) devices.