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RTX Corporation, formerly Raytheon Technologies Corporation, [3] [4] is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia.It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services.
In 1958, Raytheon acquired the marine electronics company Applied Electronics Company to make commercial marine navigation and radio gear, as well as less-expensive Japanese suppliers of products such as marine/weather band radios and direction-finding gear. [16] [failed verification] In the same year, it changed its name to Raytheon Company.
In 1983, Kennedy joined Raytheon Corporation in the area of radar development. [2] Since April 2013, Kennedy has served as executive VP and COO of Raytheon. [3] In March 2014, at age 58, Kennedy became the CEO of Raytheon, succeeding William H. Swanson. Kennedy was elected to the board of directors in January 2014. [3] [2] [4] [5]
United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. [1] It researched, developed, and manufactured products in numerous areas, including aircraft engines, aerospace systems, HVAC, elevators and escalators, fire and security, building automation, and industrial products, among others.
Thales-Raytheon Systems Company LLC (ThalesRaytheonSystems or TRS) is an aerospace and defence company co-headquartered in Massy, Paris, France and Fullerton, California, United States. [1] It is operated as a 50:50 joint venture between Raytheon Technologies (formerly Raytheon Company ) and Thales Group .
Buybacks, however, seem to be Raytheon's preferred method of returning shareholder cash -- between 2006 and 2010, Raytheon repurchased over $6 billion of its own shares versus $2.3 billion paid as ...