The success of what is now a major American industrial corporation began in 1922. It was established by Vannevar Bush, Laurence Marshall, and Charles G. Smith. Originally, the company’s focus was on new refrigeration technology.
However, the passionate visionaries found the need to introduce state-of-the-art capabilities in the areas of defense, security, Intelligence, Surveillance, and civil markets. Theirs was to develop a breakthrough product, which would renovate the nation.
Raytheon’s headquarters are in Waltham, Massachusetts, but as the world’s largest producer of guided missiles, it has global operations.
The company has been at the forefront of innovation in the electronics industry. In recent years it has refocused its business expertise in precision management, homeland security, and missile defense. Other products and services include aircraft radar systems, weapons sights, and targeting systems.
Raytheon embraces various goals; discipline, increased productivity, customer satisfaction, and building of a knowledge-based culture. It is listed on the NYSE market.