History of Raytheon
Raytheon Company, an American multinational corporation, has a rich history spanning over almost a century. Founded in 1922 by Vannevar Bush, Laurence Marshall, and Charles G. Smith, Raytheon initially focused on manufacturing vacuum tubes. During World War II, the company shifted its focus to defense technology, producing radar equipment crucial for Allied victory. Notably, Raytheon's development of the first practical microwave radar system played a pivotal role in the war effort. Post-war, Raytheon diversified its offerings, delving into consumer electronics such as microwave ovens, and even ventured into aerospace with the acquisition of Beech Aircraft Corporation in 1980.
Throughout the latter half of the 20th century, Raytheon continued to expand its defense and aerospace portfolio, becoming one of the world's largest defense contractors. The company made significant strides in missile technology, notably with the development of the Patriot missile system, which gained prominence during the Gulf War in the early 1990s. Raytheon further solidified its position in the defense industry with strategic acquisitions, including the purchase of Hughes Aircraft Company in 1997. This acquisition bolstered Raytheon's capabilities in areas such as satellite systems and electronic warfare. In the 21st century, Raytheon has continued to innovate, developing advanced defense systems and technologies to meet evolving global security challenges, cementing its status as a key player in the defense sector. In 2020, Raytheon merged with United Technologies Corporation to form Raytheon Technologies, further expanding its reach and capabilities across various sectors of the aerospace and defense industry.