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48-547: In May 1999 Raytheon was awarded the contract for the deployment and integration of the ground infrastructure portion of FIA, the Mission Integration and Development (MIND) Program. In September 1999 the contract for the development, launch integration, and operations of FIA was awarded to the Boeing company, and its subcontractors Hughes Space and Communications Company, Raytheon, Kodak and Harris. The initial development budget

96-705: A $ 5.6 billion deal to upgrade its Patriot missile-defence shield, and in 2017, Saudi Arabia signed business deals worth billions of dollars with multiple American companies, including Raytheon. In February 2020, Raytheon completed the first radar antenna array for the US Army's new missile defense radar, known as the Lower Tier Air and Missile Defense Sensor (LTAMDS), to replace the service's Patriot air and missile defense system sensor. In 1929, William Boeing 's Boeing Airplane & Transport Corporation teamed up with Frederick Rentschler 's Pratt & Whitney to form

144-407: A 2.5 times higher cadence of viewing opportunities than the previous EOI constellation. The radar imaging system was specified to provide better image quality than previous system by employing a very strong radar signal. Images by an amateur astronomer hint at an antenna diameter of roughly 12 m. The first operational FIA Radar satellite, USA-215 or NROL-41 , was launched on 21 September 2010. It

192-445: A 2nd, more experienced battery manufacturer into the project. Honeywell supplied radiation hardened HX-3000 ASICs , which due to their low power usage and high speed had been selected to serve multiple functions in the project ( BRAM , ADD , EBWC , ERBC , ...), required several respins, and interventions to fix yield issues and manufacturing errors. In October 2003, issues with Control moment gyroscopes were delaying progress with

240-677: A component of the Dow Jones Industrial Average on March 4, 1939, when United Aircraft and AT&T were added to replace Nash Motors and International Business Machines . The company and its successors remained a component of the Dow Jones Industrial Average through August 2020. It was announced that starting August 31, 2020, Raytheon Technologies would be substituted in the Dow Jones Industrial Average by Honeywell International . During World War II, United Aircraft ranked sixth among United States corporations in

288-471: A contract to build 3DELRR, a next-generation long-range radar system, for the US Air Force worth an estimated $ 1 billion. The contract award involved the construction of next-generation radar that can track aircraft, missiles, and remotely piloted aircraft. It was immediately protested by Raytheon's competitors. After re-evaluating the bids following the protests, the US Air Force decided to delay awarding

336-491: A merger of equals between the aerospace subsidiaries of United Technologies Corporation (UTC) and the Raytheon Company . Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation . UTC is the nominal survivor of the merger but it changed its name to Raytheon Technologies and moved its headquarters to Waltham, Massachusetts. Former UTC CEO and chairman Gregory J. Hayes

384-470: A move to support UTC's Fire & Security unit . In September 2011, UTC acquired an $ 18.4 billion deal (including $ 1.9 billion in net debt assumed) for aircraft components maker Goodrich Corporation . In July 2012, United Technologies acquired Goodrich and merged it with Hamilton Sundstrand , forming UTC Aerospace Systems . In November 2018, UTC acquired Rockwell Collins for $ 23 billion ($ 30 billion including Rockwell Collins' net debt). As part of

432-517: A number of technical challenges. The required traveling-wave tube for the Radar Imaging proved to be highly challenging, resulting in significant schedule delays. Some of the problems with traveling-wave tubes were traced to charge built-up, while crossing radiation belts , resulting in electrical sparking, which in turn created carbon tracks, ultimately shorting the traveling-wave tubes. The original optical specification could not be met, requiring

480-415: A provider of security operations centers, managed security service solutions and cybersecurity professional services, for $ 62 million. In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from Intel Security for an undisclosed amount and renamed itself to Forcepoint. In July 2016, Poland's Defence Minister Antoni Macierewicz planned to sign a letter of intent with Raytheon for

528-404: A redesign. The system for the actuated Secondary Mirror positioning was difficult to stabilise, and required the introduction of additional struts and launch-locks. In 1Q FY03 Boeing shut down their Battery Division, and in 3Q FY03 their Power Electronics manufacturing facility in order to correct defective validation procedures and manufacturing processes. NRO subsequently directed Boeing to bring

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576-524: A request by the Permanent Select Committee on Intelligence , NRO on May 6, 2005 provided estimated termination costs for the i) full FIA program, ii) IMINT FIA, and iii) for a rescope of FIA into a new procurement program. This was followed by a report of an NRO appointed tiger team on August 12, 2005. In September 2005 DNI John Negroponte terminated the FIA IMINT contract with Boeing because of

624-563: A sharp increase in interim sales and profits. On June 7, 2022, the company announced plans to move its global headquarters to Arlington, Virginia . The move was completed in July. In January 2023, Raytheon Technologies announced it would combine its missiles and defense division and intelligence and space division into a single business unit, effective July 1. The reorganization created three divisions at Raytheon Technologies: Collins Aerospace, Pratt & Whitney, and Raytheon. The reorganization

672-595: A type of radio-receiver power supply that plugged into the power grid in place of large batteries . This made it possible to convert household alternating current to direct current for radios and thus eliminate the need for expensive, short-lived batteries. In 1925, the company changed its name to Raytheon Manufacturing Company and began marketing its rectifier under the Raytheon brand name, with commercial success. In 1928, Raytheon merged with Q.R.S. Company, an American manufacturer of electron tubes and switches, to form

720-604: Is an American reconnaissance satellite , operated by the National Reconnaissance Office (NRO). Launched in 2010, it has been identified as the first in a new series of imaging radar satellites, developed as part of the Future Imagery Architecture (FIA) programme, to replace the earlier Lacrosse spacecraft. USA-215 was launched by an Atlas V launch vehicle , flying in the 501 configuration, operated by United Launch Alliance (ULA). The rocket

768-456: Is capable of being modified incrementally over its lifetime. Raytheon Technologies RTX Corporation , formerly Raytheon Technologies Corporation , 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

816-464: Is chairman and CEO of the combined company, which changed its name to RTX in July 2023. The company has three subsidiaries: Collins Aerospace , Pratt & Whitney , and Raytheon (formerly Raytheon Intelligence & Space and Raytheon Missiles & Defense ). The Raytheon Company was founded in 1922 in Cambridge, Massachusetts , by Laurence K. Marshall, Vannevar Bush , and Charles G. Smith as

864-429: Is in a retrograde 1,100 km × 1,105 km (684 mi × 687 mi) orbit inclined by 123 degrees, an orbital configuration indicating it is an SAR satellite. On 3 April 2012, a second satellite, USA-234 or NROL-25, was launched into a similar orbit. The earlier USA-193 satellite, launched in 2006, is believed to have been a technology demonstration satellite intended to test and develop systems for

912-485: The American Appliance Company . Its focus, which was originally on new refrigeration technology, soon shifted to electronics . The company's first product was a gaseous ( helium ) rectifier that was based on Charles Smith's earlier astronomical research of the star Zeta Puppis . The electron tube was christened with the name Raytheon ("light of/from the gods" ) and was used in a battery eliminator ,

960-519: The CK722 , priced for and marketed to hobbyists. Under the direction of Thomas L. Phillips in 1965, it acquired Amana Refrigeration , Inc., a manufacturer of refrigerators and air conditioners . Using the Amana brand name and its distribution channels, Raytheon began selling the first countertop household microwave oven in 1967 and became a dominant manufacturer in the microwave oven business. In 1991, during

1008-686: The Persian Gulf War , Raytheon's Patriot missile received great international exposure. It was credited for downing Iraqi Scud missiles . The exposure resulted in a substantial increase in sales for the company outside the United States. By 2006, Raytheon reported $ 283.9 million in global revenues for its Patriot missile system. In an effort to establish leadership in the defense electronics business, Raytheon purchased in quick succession Dallas-based E-Systems (1995); Chrysler Corporation 's defense electronics and aircraft-modification businesses, and

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1056-532: The Pratt & Whitney JT9D for the Boeing 747 . In 1974, Harry Jack Gray left Litton Industries to become the CEO of United Aircraft. He pursued a strategy of growth and diversification, changing the parent corporation's name to United Technologies Corporation (UTC) in 1975 to reflect the intent to diversify into numerous high tech fields beyond aerospace. (The change became official on May 1, 1975.) The diversification

1104-510: The United Aircraft and Transport Corporation , a large, vertically integrated , amalgamated firm, uniting business interests in all aspects of aviation —a combination of aircraft engine and airframe manufacturing and airline business, to serve all aviation markets, both civil aviation (cargo, passenger, private , air mail ) and military aviation . After the Air Mail scandal of 1934,

1152-480: The 3DELRR EMD contract until 2017 and was to issue an amended solicitation at the end of July 2016. In 2017 the Air Force again awarded the contract to Raytheon. In May 2015, Raytheon acquired cybersecurity firm Websense, Inc. from Vista Equity Partners for $ 1.9 billion and combined it with RCP, formerly part of its IIS segment to form Raytheon|Websense. In October 2015, Raytheon|Websense acquired Foreground Security,

1200-536: The FIA radar programme. However, it failed immediately after launch, and was subsequently destroyed by a missile . USA-224 , launched on 20 January 2011, is believed to be the first of the large post-FIA optical reconnaissance satellites built by Lockheed. The failed FIA program is to be succeeded by the Next Generation Electro-Optical (NGEO) program. NGEO is intended as a lower-risk modular system, which

1248-604: The New York Stock Exchange under the ticker RTX. On July 28, 2020, the company announced cutting of over 8,000 jobs in its commercial aviation division due to travel slowdown induced by the global COVID-19 pandemic . In December 2020, the Board of Directors authorized a $ 5 billion repurchase of common stock. In 2022, during the Russian invasion of Ukraine , major arms manufacturers, including Raytheon Technologies, reported

1296-703: The U.S. government concluded that such large holding companies as United Aircraft and Transport were anti-competitive, and new antitrust laws were passed forbidding airframe or engine manufacturers from having interests in airlines. United Aircraft Corporation was formed in 1934 from United Aircraft and Transport's manufacturing interests east of the Mississippi River (Pratt & Whitney, Sikorsky, Vought, and Hamilton Standard Propeller Company), headquartered in Hartford with Frederick Rentschler , founder of Pratt & Whitney, as president. United Aircraft became

1344-403: The company was responsible for about 80 percent of all magnetrons manufactured. During the war, Raytheon also pioneered the production of shipboard radar systems, particularly for submarine detection. Raytheon ranked 71st among United States corporations in the value of World War II military production contracts. In 1945, Raytheon's Percy Spencer invented the microwave oven by discovering that

1392-518: The cost overruns and delays of the delivery date. Instead Lockheed Martin received a contract to restart production of two legacy KH-11 Kennen satellite system with new upgrades. In 2012 NRO donated two sophisticated but unneeded space telescopes , reportedly built for FIA, to NASA for use in astronomy. The contract for the imaging radar satellite remained with Boeing. In September 2010 NRO director Bruce Carlson stated that while most NRO "programs are operating on schedule and on cost", one program

1440-580: The deal, Pratt and Whitney and the newly-formed Collins Aerospace remained under United Technologies, while Otis Elevator and UTC Climate, Controls & Security (doing business as Carrier ) were spun off as two independent companies. The spin off was completed in March 2020. In June 2019, United Technologies announced the intention to merge with the Raytheon Company. The combined company, valued at more than $ 100 billion after planned spinoffs, would be

1488-436: The defense unit of Texas Instruments , Defense Systems & Electronics Group (1997). The businesses were purchased for $ 2.3 billion and $ 2.95 billion, respectively. Also in 1997, Raytheon acquired the aerospace and defense business of Hughes Aircraft Company from Hughes Electronics Corporation , a subsidiary of General Motors , which included a number of product lines previously purchased by Hughes Electronics, including

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1536-837: The fire and security business by purchasing Chubb Security . In 2004, UTC acquired the Schweizer Aircraft Corporation which planned to operate as a wholly owned subsidiary under their Sikorsky Aircraft division. In 2005, UTC further pursued its stake in the fire and security business by purchasing Kidde . Also in 2005, UTC acquired Boeing's Rocketdyne division, which was merged into the Pratt & Whitney business unit and renamed Pratt & Whitney Rocketdyne (later sold to Aerojet and merged into Aerojet Rocketdyne ). In November 2008, UTC's Carrier Corporation acquired NORESCO, an energy service company . In 2010, UTC conducted its largest acquisition to date, General Electric 's security equipment business for US$ 1.8 billion,

1584-593: The following May and be replaced by company president Christopher Calio. In August 2024, RTX was fined US$ 200 million for International Traffic in Arms Regulations violations, including exchanging data and products with prohibited countries such as China. After the 2020 merger, Raytheon Technologies Corporation consisted of four business units: In 2023, the company changed its name to RTX Corporation and re-organized into three business units: USA-215 USA-215 , also known as NRO Launch 41 or NROL-41 ,

1632-713: The former General Dynamics missile business (Pomona facility), the defense portion of Delco Electronics (Delco Systems Operations), and Magnavox Electronic Systems . Raytheon also divested itself of several nondefense businesses in the 1990s, including Amana Refrigeration and Seismograph Service Ltd (sold to Schlumberger - Geco-Prakla ). In November 2007, Raytheon purchased robotics company Sarcos , and in October 2009, Raytheon acquired BBN Technologies . In December 2010, Applied Signal Technology agreed to be acquired by Raytheon for $ 490 million. In October 2014, Raytheon beat rivals Lockheed Martin and Northrop Grumman for

1680-470: The head of the NRO said in 2001 that the project would focus on creating smaller and lighter satellites. Some industry experts believe that a key objective is to make the satellites more difficult to attack, possibly by placing them in higher orbits. Because of the large size of the program, as well as number of workers involved, some experts have compared it to the 1940s Manhattan Project . The project encountered

1728-465: The largest providers of intelligence services. In 2023, the company's seat in Forbes Global 2000 was 79. RTX manufactures aircraft engines , avionics , aerostructures , cybersecurity solutions, guided missiles , air defense systems , satellites , and drones . The company is a large military contractor, getting much of its revenue from the U.S. government. The company was formed in 2020 by

1776-551: The magnetron could rapidly heat food. In 1947, the company demonstrated the Radarange microwave oven for commercial use. After the war, Raytheon developed the first guidance system for a missile that could intercept a flying target. In 1948, Raytheon began to manufacture guided missiles , including the SAM-N-2 Lark , and eventually the air-to-air AIM-7 Sparrow , and the ground-to-air MIM-23 Hawk missiles. In 1959, Raytheon acquired

1824-425: The marine electronics company Apelco Applied Electronics, which significantly increased its strength in commercial marine navigation and radio gear, and changed its name to Raytheon Company. During the post-war years, Raytheon also made generally low- to medium-powered radio and television transmitters and related equipment for the commercial market. In the 1950s, Raytheon began manufacturing transistors , including

1872-459: The satellite bus. A NRO presentation on April 20, 2004 reported many issues with parts manufacturing and quality , and presented a new IMINT baseline. By 2005, an estimated US$ 10 billion had been spent by the US government on FIA, including Boeing's accumulated cost overrun of US$ 4 to 5 billion, and it was estimated to have an accumulated cost of US$ 25 billion over the ensuing twenty years. In reply to

1920-465: The successor of the same name, Raytheon Manufacturing Company. By the 1930s, it had already grown to become one of the world's largest vacuum tube manufacturing companies. In 1933 it diversified by acquiring Acme-Delta Company, a producer of transformers , power equipment, and electronic auto parts . During World War II, Raytheon mass-manufactured magnetron tubes for use in microwave radar sets and then complete radar systems . At war's end in 1945,

1968-409: The value of wartime production contracts. At the close of the war, United Aircraft entered the emerging markets for jet engines and helicopters , via Pratt & Whitney and Sikorsky, respectively. In the 1950s, United Aircraft began developing jet engines, including the Pratt & Whitney J57 , the most powerful jet engine on the market for some years. In the 1960s, Pratt & Whitney produced

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2016-641: The weight of losses incurred by the commercial M&A side of the business. Although M&A activity was not new to United Aircraft, the M&;A activity of the 1970s and 1980s was higher-stakes and arguably unfocused. Rather than aviation being the central theme of UTC businesses, high tech (of any type) was the new theme. Some Wall Street watchers questioned the true value of M&A at almost any price, seemingly for its own sake. In 1999, UTC acquired Sundstrand Corporation and merged it into UTC's Hamilton Standard unit to form Hamilton Sundstrand . In 2003, UTC entered

2064-565: The world's second-largest aerospace-and-defense company by sales behind Boeing. Although UTC was the legal survivor, the merged company took the name Raytheon Technologies and based its headquarters at Raytheon's former campus in Waltham, Massachusetts , rather than UTC's former base in Farmington, Connecticut . The merger was completed in April 2020. Raytheon Technologies began trading at $ 51 per share, on

2112-422: Was "700 percent over in schedule and 300 percent over in budget". The optical system was specified to provide both high angular resolution via image stabilisation and wide angle (large field of view) capability. The optical telescope assets later transferred to NASA feature the following specifications and innovations: Another key component of FIA was to launch and orbit at least 10 satellites, which would provide

2160-472: Was US$ 5 billion for the first 5 years, and the total lifetime budget was US$ 10 billion. A NRO evaluation team estimated that Lockheed Martin 's competing proposal would require about US$ 1 billion (inflation adjusted US$ 1.83 billion in 2023) more to implement than Boeing's proposal. Boeing's promised cost-saving relied in a large part on the utilisation of commercial off-the-shelf hardware and software. The exact scope and mission of FIA are classified, although

2208-510: Was launched from Space Launch Complex 3E at the Vandenberg Air Force Base , at 04:03:30 UTC on 21 September 2010. It was identified as NRO Launch 41, and was the twenty-third flight of an Atlas V; the vehicle had the tail number AV-025, and was named Gladys . The satellite's orbit and mission are officially classified; however, it has been located by amateur observers in a retrograde low Earth orbit . As of 14 February 2021, it

2256-506: Was partially to balance civilian business against any overreliance on military business. UTC became a mergers and acquisitions (M&A)–focused organization, with various forced takeovers of unwilling smaller corporations. The next year (1976), UTC forcibly acquired Otis Elevator . In 1979, Carrier Refrigeration was acquired; At one point the military portion of UTC's business, whose sensitivity to "excess profits" and boom/bust demand drove UTC to diversify away from it, actually carried

2304-738: Was preceded by the rebranding to RTX in June 2023. In July 2023, Raytheon Technologies Corporation changed its name to RTX Corporation. RTX's supply of weapons to Israel led to protests against the company during the 2023 Israel–Hamas war . On December 14, 2023, for example, protestors blocked the entrance to an RTX facility in Arizona. In early 2024, 15 people were arrested after blocking access to RTX and BAE Systems facilities in Louisville, Kentucky in protest against supplying weapons to Israel. In December 2023, RTX announced that CEO Greg Hayes would step down

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