CargoAdmin, Bureaucrats, Moderators (CommentStreams), fileuploaders, Interface administrators, newuser, Push subscription managers, Suppressors, Administrators
14,662
edits
RTX Corporation: Difference between revisions
m
Text replacement - "The Wall Street Journal" to "The Wall Street Journal"
(copy from https://en.wikipedia.org/wiki/RTX_Corporation) |
m (Text replacement - "The Wall Street Journal" to "The Wall Street Journal") |
||
| Line 97: | Line 97: | ||
===Raytheon Technologies=== | ===Raytheon Technologies=== | ||
[[File:Raytheon Technologies logo.svg|thumb|upright=.8|Raytheon Technologies logo used from 2020 to 2023]] | [[File:Raytheon Technologies logo.svg|thumb|upright=.8|Raytheon Technologies logo used from 2020 to 2023]] | ||
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 the world's second-largest aerospace-and-defense company by sales behind Boeing.<ref name="Raytheon merger">{{Cite news|url=https://www.wsj.com/articles/united-technologies-strikes-deal-to-acquire-raytheon-11560112912|title=United Technologies Strikes Deal to Merge With Raytheon|last1=Lombardo|first1=Cara|date=June 10, 2019|work= | 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 the world's second-largest aerospace-and-defense company by sales behind Boeing.<ref name="Raytheon merger">{{Cite news|url=https://www.wsj.com/articles/united-technologies-strikes-deal-to-acquire-raytheon-11560112912|title=United Technologies Strikes Deal to Merge With Raytheon|last1=Lombardo|first1=Cara|date=June 10, 2019|work=The Wall Street Journal|access-date=June 10, 2019|last2=Cameron|first2=Doug|language=en-US|issn=0099-9660}}</ref> 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]].<ref name="Singer">{{Cite web|url=https://www.courant.com/business/hc-biz-utc-raytheon-announcement-20190609-l4zbj234y5aypcery2ghfhqebu-story.html|title=United Technologies says it's merging with defense contractor Raytheon and moving headquarters to Boston area from Connecticut|last=Singer|first=Stephen|date=June 9, 2019|website=[[Hartford Courant]]|access-date=June 10, 2019}}</ref> The merger was completed in April 2020.<ref name="Kilgore"/> Raytheon Technologies began trading at $51 per share, on the New York Stock Exchange under the ticker RTX.<ref>{{Cite web|last=Aitoro|first=Jill|date=2020-04-03|title=Raytheon Technologies Corp. begins trading on NYSE|url=https://www.defensenews.com/industry/2020/04/03/raytheon-technologies-corp-begins-trading-on-nyse/|access-date=2020-12-27|website=Defense News|language=en-US}}</ref><ref name= markRussell >Jen Judson [https://www.defensenews.com/industry/2021/11/24/raytheon-cto-says-merged-company-is-finding-new-ways-to-work-together/ (24 Nov 2021) Raytheon CTO says merged company is finding new ways to work together] synergies: Mark Russell, CTO</ref> | ||
[[File:Javelin of 2nd Battalion, 503rd Infantry Regiment, 173rd Airborne Brigade, Exercise Rock Sokol at Pocek Range in Postonja, Slovenia, March 9, 2016.jpg|thumb|A U.S. soldier firing a [[FGM-148 Javelin|Javelin]]]] | [[File:Javelin of 2nd Battalion, 503rd Infantry Regiment, 173rd Airborne Brigade, Exercise Rock Sokol at Pocek Range in Postonja, Slovenia, March 9, 2016.jpg|thumb|A U.S. soldier firing a [[FGM-148 Javelin|Javelin]]]] | ||
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]].<ref>{{Cite web|date=2020-07-28|title=Raytheon sheds 8,000 aerospace jobs amid collapse in air travel|url=https://www.seattletimes.com/business/raytheon-sheds-8000-aerospace-jobs-amid-collapse-in-air-travel/|access-date=2020-07-29|website=The Seattle Times|language=en-US}}</ref> | 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]].<ref>{{Cite web|date=2020-07-28|title=Raytheon sheds 8,000 aerospace jobs amid collapse in air travel|url=https://www.seattletimes.com/business/raytheon-sheds-8000-aerospace-jobs-amid-collapse-in-air-travel/|access-date=2020-07-29|website=The Seattle Times|language=en-US}}</ref> | ||