The Boeing 376 (sometimes referred to as the BSS-376 , and previously as the HS-376 ) is a communications satellite bus introduced in 1978 by Hughes Space and Communications Company . It was a spin-stabilized bus, a successor to Hughes HS-333 .
75-439: The satellite bus was designed and manufactured by Hughes . This spin-stabilized platform had two main sections. The spinning section was kept rotating at 50 rpm to maintain attitude, and a despun section was used by the payload to maintain radio coverage. The spinning section included the apogee kick motor , most of the attitude control, the power subsystem and the command and telemetry subsystems. The despun section contained
150-455: A Hughes lawyer claimed they had the right to set up an "executive committee" to take over the running of the HHMI and its Hughes Aircraft subsidiary. The Attorney General of Delaware Richard R. Wier challenged this and filed suit in 1978. Charles M. Oberly continued the action when he became attorney general in 1983. Oberly stated he wished to see an independent board of trustees to ensure both that
225-538: A Qatari officials to influence defense purchases. 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 April 2020, the company merged with United Technologies Corporation to form Raytheon Technologies . The merged company
300-473: A contract to build 3DELRR, a next-generation long-range radar system, for the USAF worth an estimated $ 1 billion. The contract award was immediately protested by Raytheon's competitors, Lockheed Martin and Northrop Grumman. After re-evaluating the bids following the protests, the USAF decided to delay awarding the 3DELRR EMD contract until 2017 and was to issue an amended solicitation at the end of July 2016. In 2017
375-513: A contract to build the devices. Within a few month, Raytheon began to manufacture magnetron tubes for use in radar sets, and then complete radar systems . During the war, Raytheon also pioneered the production of shipboard radar systems, particularly for submarine detection. Raytheon was also a contractor for the mass-production of miniature shock-resistant vacuum tubes used in proximity fuses . These tubes were difficult to manufacture and required rigorous attention to detail. At war's end in 1945,
450-673: A follow-on, the RAYCOM, which was never completed. In 1954, it entered into a joint venture with Honeywell to form the Datamatic corporation. However it sold its interest to Honeywell a year later, before introduction of the DATAmatic 1000 system. 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 . In
525-413: A letter of intent with Raytheon for a $ 5.6 billion deal to upgrade its Patriot missile-defence shield. In 2017, Saudi Arabia signed business deals worth billions of dollars with multiple American companies, including Raytheon. In July 2019, Qatar 's Ministry of Defense committed to acquire Raytheon's NASAM and Patriot missile defense systems. The company would later be fined for paying bribes to
600-490: A list in April 1984. In January 1985 the new board of trustees of the HHMI announced they would sell Hughes Aircraft either by private sale or public stock offering. On June 5, 1985, General Motors was announced as the winner of a secretive five-month sealed-bid auction. Other bidders included Ford Motor Company and Boeing . The purchase was completed on December 20, 1985, for an estimated $ 5.2 billion, $ 2.7 billion in cash and
675-627: A major U.S. defense contractor and industrial corporation with manufacturing concentrations in weapons and military and commercial electronics . Founded in 1922, it merged in 2020 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, as of 2012, it
750-483: 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 1966, the company entered the educational publishing business with the acquisition of D.C. Heath and Company , marketing an influential physics textbook developed by
825-477: A subcontractor. Hughes attempted to mold it into a major military aircraft manufacturer during World War II . However, its early military projects ended in failure, with millions of dollars in U.S. government funds expended but only three aircraft actually built, resulting in a highly publicized U.S. Senate investigation into alleged mismanagement. The U.S. military consequently hesitated to award new aircraft contracts to Hughes Aircraft, prompting new management in
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#1732856157901900-511: A substantial increase in sales for the company outside the United States. 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, which had previously acquired companies such as Electrospace systems (1996) (portions of these businesses were later sold to L-3 Communications ), and
975-456: Is a developer of missiles and related missile defense systems. These include: Two lawsuits were filed against a Raytheon Company plant in St. Petersburg, Florida , due to concern with health risks, property values, and contamination in April 2008. Raytheon was given until the end of the month to independently test whether or not the groundwater that originated from its area was contaminated. According to
1050-624: Is also heavily involved in the satellite sensor business. Much of its Space and Airborne Systems division in El Segundo , CA is devoted to this, a business it inherited from Hughes . Examples of programs include: As part of the company's growing homeland security business and strategic focus, Raytheon has teamed with other contractors to develop an Advance Spectroscopic Portal (ASP) to allow border officials to view and identify radioactive materials in vehicles and shipping containers more effectively. Raytheon also manufactures semiconductors for
1125-612: Is composed of five major business divisions: Raytheon's businesses are supported by several dedicated international operations including: Raytheon Australia; Raytheon Canada Limited; operations in Japan ; Raytheon Microelectronics in Spain ; Raytheon UK (formerly Raytheon Systems Limited); and ThalesRaytheonSystems , France . In recent years, Raytheon has expanded into other fields while redefining some of its core business activities. Raytheon has identified five key 'Strategic Business Areas' where it
1200-581: Is focusing its expertise and resources: In March 2014, Thomas Kennedy was named CEO of Raytheon Company. Kennedy succeeded William H. Swanson , who was CEO since 2003. Swanson remained as Chairman through September 2014 when Kennedy became chairman as well as CEO. Other current and former members of the board of directors of Raytheon were: Vernon Clark , James E. Cartwright , John Deutch , Stephen J. Hadley , George R. Oliver, Frederic Poses, Michael Ruettgers, Ronald Skates, William Spivey, and Linda Stuntz. As of December 2014, according to filed reports,
1275-674: Is headquartered in Arlington, Virginia rather than UTC's base in Farmington, Connecticut . In July 2023, Raytheon Technologies renamed themselves to RTX Corporation and merged the Raytheon Intelligence & Space and Raytheon Missiles & Defense business segments to form a new Raytheon business segment. In August 2024, RTX agreed to pay a $ 200 million fine for the unauthorized export of defense technology to China, Russia, Iran, and elsewhere, to settle more than 750 violations of
1350-551: Is no longer taking on new orders, having been on the premises for 57 years. In the framework of Ground-Based Midcourse Defense , Raytheon is developing a Ground Based Interceptor (GBI) that includes a booster missile and a kinetic Exoatmospheric Kill Vehicle (EKV), along with several key radar components, such as the Sea-Based X-Band Radar (SBX) and the Upgraded Early Warning Radar (UEWR). Raytheon
1425-633: The Arms Export Control Act and the International Traffic in Arms Regulations , or ITAR. The company was allowed to pay only half the fine to the government and to put half of the fine toward “remedial compliance measures to strengthen RTX’s compliance program.” In October 2024, RTX agreed to pay nearly $ 1 billion to settle allegations of defrauding the U.S. Defense Department and bribing a Qatari military official. Company officials said
1500-565: The Florida Department of Environmental Protection (DEP), the groundwater contained carcinogenic contaminants, including trichloroethylene , 1,4-dioxane , and vinyl chloride . The DEP also reported that the clouds contained other toxins, such as lead and toluene . In 1995, Raytheon acquired Dallas-based E-Systems, including a site in St. Petersburg, Florida, In November 1991, prior to Raytheon's acquisition, contamination had been discovered at
1575-547: The H-1 racer, D-2 , and the XF-11 . However the plant's hangars at Hughes Airport, location of present-day Playa Vista in the Westside of Los Angeles, California , were primarily used as a branch plant for the construction of other companies' designs. At the start of the war Hughes Aircraft had only four full-time employees—by the end the number was 80,000. During the war, the company
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#17328561579011650-807: The Hawker 800XP and Hawker 4000 , the Beechjet 400A , and the Premier I ; the popular King Air series of twin turboprops; and piston-engine aircraft such as the Bonanza . Its special-mission aircraft included the single-turboprop T-6A Texan II , which the United States Air Force and United States Navy had chosen as their primary training aircraft . In 1991, during the Persian Gulf War , Raytheon's Patriot missile received great international exposure, resulting in
1725-610: The Hughes H-4 Hercules aircraft, the atmospheric entry probe carried by the Galileo spacecraft , and the AIM-4 Falcon guided missile . Hughes Aircraft was founded to build Hughes' H-1 Racer world speed record aircraft, and it later modified other aircraft for his transcontinental and global circumnavigation speed record flights. The company relocated to Culver City, California , in 1940 and began manufacturing aircraft parts as
1800-557: The Korean War . In later decades, it remained a major producer of missiles, such as the Patriot antimissile missile and the air-to-air Phoenix missile . Raytheon made a foray into computers, producing the RAYDAC computer for the U.S. Navy which became operational in 1953. "Unfortunately, the machine was technically obsolete by the time it was operational." Also in 1953, the company began work on
1875-669: The Physical Science Study Committee . Raytheon also manufactured the Apollo Guidance Computer , which was introduced that year and flew aboard all NASA Project Apollo missions. In the late 1970s, Raytheon acquired McGraw-Edison 's appliances division notable for the Speed Queen line of washers and dryers. In 1980, Raytheon acquired Beech Aircraft Corporation , a leading manufacturer of general aviation aircraft founded in 1932 by Walter H. Beech . In 1993,
1950-793: The Ramo-Wooldridge Corporation , later to join Thompson Products to form the Thompson-Ramo-Wooldridge based in Canoga Park , with Hughes leasing space for nuclear research programs (present day West Hills (Canoga Park)). The company became TRW in 1965, another aerospace company and a major competitor to Hughes Aircraft. In 1951 Hughes Aircraft Co. built a missile plant in Tucson, Arizona due to Howard Hughes' fear that his Culver City, California plant could be attacked. By
2025-489: The Tomahawk Cruise Missile , Advanced Cruise Missile , Standard missile , Stinger missile , Phalanx Close-in weapon system , and Rolling Airframe Missile into Hughes' portfolio. In 1994 Hughes Electronics introduced DirecTV , the world's first high-powered DBS service. In 1995 Hughes Electronic's Hughes Space and Communications division became the largest supplier of commercial satellites. Also in 1995
2100-656: The United Kingdom invented the magnetron , a specialized microwave -generating electron tube that markedly improved the capability of radar to detect enemy aircraft. American companies were then sought by the US government to perfect and mass-produce the magnetron for ground-based, airborne, and shipborne radar systems, and, with support from the Massachusetts Institute of Technology 's Radiation Laboratory (recently formed to investigate microwave radar ), Raytheon received
2175-620: The interceptor aircraft into the proper position for firing missiles. At the same time other teams were working with the newly formed US Air Force on air-to-air missiles, delivering the AIM-4 Falcon , then known as the F-98. The MA-1/Falcon package, with several upgrades, was the primary interceptor weapon system of the USAF for many years, lasting into the 1980s. Ramo and Wooldridge, having failed to reach an agreement with Howard Hughes regarding management problems, resigned in September 1953 and founded
2250-588: The personal rapid transit (PRT) business as it terminated its PRT 2000 system due to the high cost of development and the lack of interest. During the September 11 attacks of 2001, Raytheon had an office in the South Tower of the World Trade Center on the 91st floor. Their office, being 6 floors above where United Airlines Flight 175 collided with the building, was spared from the immediate collision, but
2325-469: The Aerospace Group continued to diversify and become massively profitable, and became a primary focus of the company. The company developed radar systems, electro-optical systems, the first working laser , aircraft computer systems, missile systems, ion-propulsion engines (for space travel), and many other advanced technologies. The 'Electronic Properties Information Center' (EPIC) of the United States
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2400-566: The American Appliance Company in Cambridge, Massachusetts . Its focus, which was originally on new refrigeration technology, soon shifted to electronics . The company's first product was a gaseous ( helium ) voltage-regulator tube that was based on Charles Smith's earlier astronomical research of the star Zeta Puppis . The electron tube was christened with the name Raytheon (a compound of Old French and Greek meaning 'light from
2475-663: The Boeing Company purchased three units within Hughes Electronics Corp.: Hughes Space and Communications Co., Hughes Electron Dynamics , and Spectrolab Inc. , in addition to Hughes Electronics' interest in HRL, the company's primary research laboratory. The four joined Boeing Satellite Systems, a company subsidiary, later becoming the Satellite Development Center, part of Boeing Integrated Defense Systems. In 2003
2550-510: The E-Systems site. Soil and groundwater had been contaminated with the volatile organic compounds trichloroethylene and 1,4-Dioxane. In 2005, groundwater monitoring indicated polluted groundwater was moving into areas outside the site. According to DEP documentation, Raytheon has tested wells on its site since 1996 but had not delivered a final report; therefore, it was given a deadline on May 31, 2008, to investigate its groundwater. Contamination in
2625-739: The Moon landings in Project Apollo . Hughes also built Pioneer Venus in 1978, which performed the first extensive radar mapping of Venus , and the Galileo probe that flew to Jupiter in the 1990s. The company built nearly 40 percent of commercial satellites in service worldwide in 2000. In 1947, Howard Hughes redirected Hughes Aircraft's efforts from airplanes to helicopters . The effort began in earnest in 1948, when helicopter manufacturer Kellett Aircraft Co. sold its latest design to Hughes for production. The XH-17 "Sky Crane" first flew in October 1952, but
2700-616: 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 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 . Early in World War II , physicists in
2775-521: The Spruce Goose and the XF-11 photo reconnaissance plane project. They formed a special committee to investigate Hughes which culminated in a much-followed Senate investigation, one of the first to be televised to the public. Despite a highly critical committee report, Hughes was cleared. The company then expanded into the booming electronics field, eventually employing 3,300 Ph.D.s. Hughes hired Ira Eaker , Harold L. George , and Tex Thornton to run
2850-570: The USAF 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 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
2925-466: The United States with the Joint Surveillance System (JSS) AN/FYQ-93 including NORAD with Joint Tactical Information Distribution System (JTIDS) and provided defense systems and air traffic control systems around the world. These systems are massive and at its peak Ground Systems Group employed 15,000 people and generated revenue in excess of $ 1 billion per year. These systems included
3000-401: The appearance of a conflict of interest . The money provided to HHMI by Hughes Aircraft led to major improvements in genetics and cancer research. The city of Fullerton, California , named Hughes Drive after the site that the company formerly occupied before 1997. After Hughes closed, the city developed Amerige Heights, a residential community. Raytheon The Raytheon Company was
3075-647: The area has not affected anyone's drinking water supply or health, yet due to negative local media coverage lawsuits are being filed with claims against Raytheon citing decreases in property values. In another case, Raytheon was ordered by the Environmental Protection Agency (EPA) to treat groundwater at the Tucson Plant (acquired during the merger with Hughes) in Arizona since Raytheon used and disposed metals, chlorinated solvents , and other substances at
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3150-684: The areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support 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 a developer and manufacturer of radars (including AESAs ), electro-optical sensors, and other advanced electronics systems for airborne, naval and ground based military applications. Examples include: Raytheon, often in conjunction with Boeing , Lockheed Martin or Northrop Grumman,
3225-685: The astronauts on the last flight of the Space Shuttle Challenger , were Hughes alumni. Hughes Aircraft Ground Systems Group was located in Fullerton, California . The facility was 3 million square feet and included manufacturing, laboratories, offices, and a Munson road test course. It designed developed and produced the Air Defense Systems that replaced the Semi Automatic Defense Ground Environment (SAGE) in
3300-518: The commercial market, but the high-powered market was solidly in the hands of larger, better-financed competitors such as Continental Electronics , General Electric and Radio Corporation of America . In 1946, the company expanded its electronics capability through acquisitions that included the Submarine Signal Company (founded in 1901), a leading manufacturer of maritime safety equipment. With its broadened capabilities, Raytheon developed
3375-500: The communications payload, including the antennas and transponders. The stock version had a launch mass of 1,100 to 1,450 kg (2,430 to 3,200 lb), a mass of 540 to 790 kg (1,190 to 1,740 lb) after reaching geostationary orbit and an 8 to 10-year design life. When stowed for launch, its dimensions were 2.8 to 3.15 m (9 ft 2 in to 10 ft 4 in) in height and 2.16 m (7 ft 1 in) in diameter. With its solar panels fully extended its height
3450-503: The company directly. Hughes retained a small cadre of engineers under his personal control as the Hughes Tool Company Aircraft Division , which initially operated from the same Culver City complex as Hughes Aircraft, despite being separately owned and managed. This entity subsequently became fully independent from Hughes Aircraft and changed its name to Hughes Helicopters . After Hughes' 1976 death, Hughes Aircraft
3525-650: The company expanded its aircraft activities by adding the Hawker line of business jets by acquiring Corporate Jets Inc., the business jet product line of British Aerospace (now BAE Systems ). These two entities were merged in 1994 to become the Raytheon Aircraft Company. In the first quarter of 2007 Raytheon sold its aircraft operations, which subsequently operated as Hawker Beechcraft , and since 2014 have been units of Textron Aviation . The product line of Raytheon's aircraft subsidiary included business jets such as
3600-569: The company had built about 80 percent of all magnetrons. Raytheon ranked 71st among U.S. corporations in the value of World War II military production contracts. In 1945, Raytheon's Percy Spencer invented the microwave oven by discovering that the magnetron could rapidly heat food. In 1947, the company demonstrated the Radarange microwave oven for commercial use. During the post-war years, Raytheon also made generally low- to medium-powered radio and television transmitters and related equipment for
3675-493: The company. By 1953, the company employed 17,000 and had $ 600,000,000 in government contracts. In 1948 Hughes created a new division of the company, the Aerospace Group . Two Hughes engineers, Simon Ramo and Dean Wooldridge , had new ideas on the packaging of electronics to make complete fire control systems . Their MA-1 system combined signals from the aircraft's radar with a digital computer to automatically guide
3750-462: 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 , Raytheon Commercial Laundry (purchased by Bain Capital 's Alliance Laundry Systems ), and Seismograph Service Ltd (sold to Schlumberger - Geco-Prakla ). On October 12, 1999, Raytheon exited
3825-422: The defense unit of Texas Instruments , Defense Systems & Electronics Group (1997). 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 the former General Dynamics missile business (Pomona facility),
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#17328561579013900-516: The division as Palomar Technologies. In 2008, Citicorp sold the bonder division to the current management team at Palomar Technologies. In 1997 GM transferred Delco Electronics to its Delphi Automotive Systems business. Later that year the assets of Hughes Aircraft were sold to Raytheon for $ 9.5 billion. The remaining companies remained under the Hughes Electronics name and within GM. In 2000,
3975-552: The electronics industry in sites in the US and UK. In the late 20th century it produced a wide range of integrated circuits and other components, but as of 2003 its US semiconductor business specializes in gallium arsenide (GaAs) components for radio communications as well as infrared detectors . It is also making efforts to develop gallium nitride (GaN) components for next-generation radars and radios. The UK arm specialized in CMOS on silicon carbide (SiC) development and foundry work but
4050-561: The end of that year, the U.S. Air Force had purchased the property and contracted Hughes (and subsequently Raytheon ) to operate the site as Air Force Plant 44 . Howard Hughes donated Hughes Aircraft to the newly formed Howard Hughes Medical Institute (HHMI) in 1953 allegedly as a way of avoiding taxes on its huge income. The next year, Lawrence A. "Pat" Hyland was hired as vice president and general manager of Hughes Aircraft; he would ultimately become company president and CEO after Howard Hughes' death in 1976. Under Hyland's guidance,
4125-474: The first guidance system for a missile that could intercept a flying target. In 1948, Charles Francis Adams IV was appointed president of the company and served until 1960. In 1948, Raytheon began to manufacture guided missiles . In 1950, its Lark became the first such missile to destroy a target aircraft in flight. Raytheon then received military contracts to develop the air-to-air Sparrow and ground-to-air Hawk missiles, projects that received impetus from
4200-500: The following Ground Systems Group subsystems: Computer H5118, Consoles HMD-22 and HMD-44, Liquid Crystal Large Screen Displays, and Software that set the standard for software development based on science and engineering starting with the Combat Grande System. Ground Systems Group was known to push technology envelopes in the computers, displays, local area networks, human interfaces, and software in their systems. They also blazed
4275-462: The gods') and was used in a battery eliminator , 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 a regulated, high voltage 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
4350-477: The group purchased Magnavox Electronic Systems from the Carlyle Group . In 1996 Hughes Electronics and PanAmSat agree to merge their fixed satellite services into a new publicly held company, also called PanAmSat with Hughes Electronics as majority shareholder. In 1995, Hughes Aircraft sold its Technology Products Division (automated wire and die bonder) to an investor group led by Citicorp and incorporated
4425-460: The institute fulfilled its charitable mission and that it did not continue to operate as a tax shelter. In January 1984 Judge Grover C. Brown ruled that the Chancery Court should appoint the trustees because Hughes had not left a succession plan. Brown asked for both the executive committee and the attorney general's office to submit a list of recommendations that he could approve. Brown approved
4500-523: The late 1940s to instead pursue contracts for fire-control systems and guided missiles , which were new technologies. The company soon became a highly profitable industry leader in these fields. In a 1953 accounting maneuver designed to reduce his income tax liabilities, Howard Hughes donated most of Hughes Aircraft's stock and assets to a charity he created, the Howard Hughes Medical Institute (HHMI), and subsequently ceased managing
4575-459: The misconduct mostly occurred before 2020 and pledged to improve its compliance programs. For the fiscal year 2017, Raytheon reported earnings of US$ 2.024 billion, with an annual revenue of US$ 25.348 billion, an increase of 5.1% over the previous fiscal cycle. Raytheon's shares traded at over $ 164 per share, and its market capitalization was valued at over US$ 51.7 billion in November 2018. Raytheon
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#17328561579014650-520: The path to very highly distributed human intensive systems. Hughes Space and Communications Group and the Hughes Space Systems Division built the world's first geosynchronous communications satellite , Syncom , in 1963 and followed by the first geosynchronous weather satellite, ATS-1, in 1966. Later that year their Surveyor 1 made the first soft landing on the Moon as part of the lead-up to
4725-467: The remaining parts of Hughes Electronics (DirecTV, DirecTV Latin America, PanAmSat, Hughes Network Systems) were purchased by News Corporation from GM and renamed The DirecTV Group . The wide range of science and technology developed by Hughes Aircraft never included medical applications because the company was owned by the Howard Hughes Medical Institute (HHMI). This restriction was imposed to avoid even
4800-434: The rest in 50 million shares of GM Class H stock. On December 31, 1985, General Motors merged Hughes Aircraft with its Delco Electronics unit to form Hughes Electronics Corporation, an independent subsidiary. The group then consisted of: Delco Electronics Corporation and Hughes Aircraft Company. In August 1992 Hughes Aircraft completed its purchase of General Dynamics ' missile businesses for $ 450 million. This brought
4875-556: The same year, it changed its name to Raytheon Company . In the 1950s, Raytheon began manufacturing transistors , including the CK722 , priced and marketed to hobbyists. In 1961, the British electronics company A.C. Cossor merged with Raytheon, following its sale by Philips . The new company's name was Raytheon Cossor. The Cossor side of the organisation was still in the Raytheon group in 2010. In 1965, it acquired Amana Refrigeration , Inc.,
4950-408: The top ten institutional shareholders of Raytheon are Wellington Management Company , Vanguard Group , State Street Corporation , Barrow, Hanley, Mewhinney & Strauss, BlackRock Institutional Trust Company, BlackRock Advisors, Bank of America , Bank of New York Mellon , Deutsche Bank and Macquarie Group . Raytheon provides electronics, mission systems integration and other capabilities in
5025-443: The years, Raytheon shifted its headquarters among various Massachusetts locations: Cambridge from 1922 to 1928; Newton until 1941; Waltham until 1961; and finally, Lexington until 2003. In 1922, Vannevar Bush , scientist and professor in the Department of Electrical Engineering at the Massachusetts Institute of Technology (MIT), along with engineer and physicist Laurence K. Marshall, and scientist Charles G. Smith, founded
5100-407: Was 6.6 to 8 m (22 to 26 ft). Its power system generated approximately 1,100 to 1,200 watts of power at beginning of life , thanks to two cylindrical solar panels. The bottom panel was retracted around the body and top panel for launch, and extended downwards for operation. It also had two NiCd batteries for solar eclipses. There were four variations of this platform: The HS-376
5175-433: Was a very successful satellite platform with 58 satellites ordered, built and launched. It was also the first satellite to launch from the Space Shuttle . Hughes Space and Communications Company The Hughes Aircraft Company was a major American aerospace and defense contractor founded on February 14, 1934 by Howard Hughes in Glendale, California , as a division of Hughes Tool Company . The company produced
5250-399: Was acquired by General Motors from HHMI in 1985 and was put under the umbrella of Hughes Electronics which became DirecTV , until GM sold its assets to Raytheon in 1997. During World War II the company designed and built several prototype aircraft at Hughes Airport . These included the famous Hughes H-4 Hercules , better known by the public's nickname for it, the Spruce Goose ,
5325-436: Was awarded contracts to build B-25 struts, centrifugal cannons, and machine gun feed chutes. Hughes Aircraft was one of many aerospace and defense companies which flourished in Southern California during and after World War II and was at one time the largest employer in the area. Yet, employment had dropped to 800 by 1947. By the summer of 1947 certain politicians had become concerned about Hughes' alleged mismanagement of
5400-653: Was commercially unsuccessful. In 1955, Howard Hughes split the helicopter production unit from the Hughes Aircraft Company, and reconstituted it with Hughes Tool Company, calling it Hughes Tool Company's Aircraft Division . The Aircraft Division had a focus on the production of light helicopters, mainly the Hughes 269 / 300 and the OH-6 Cayuse / Hughes 500 . Hughes left no will and following his death in 1976 there were numerous claims to his estate . A Hughes executive and
5475-533: Was hosted at the Hughes Culver City library in the 1970s. EPIC published the multi-volume Handbook of Electronic Materials as public documents. Nobel Laureates Richard Feynman and Murray Gell-Mann had Hughes connections: Feynman would hold weekly seminars at Hughes Research Laboratories ; Gell-Mann shared an office with Malcolm Currie, later a chairman of the board and chief executive officer at Hughes Aircraft. Greg Jarvis and Ronald McNair , two of
5550-413: Was the fifth-largest military contractor in the world. As of 2015 , it was 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. In 2018, the company had around 67,000 employees worldwide and annual revenues of about US$ 25.35 billion. Over
5625-486: Was utterly destroyed in the subsequent collapse of the South Tower. In November 2007, Raytheon purchased Sarcos for an undisclosed sum, seeking to expand into robotics research and production. In September 2009, Raytheon purchased Bolt Beranek and Newman Inc. as a wholly owned subsidiary. 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
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