RTX Corporation: Difference between revisions

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In November 2007, Raytheon purchased robotics company [[Sarcos]],<ref>Jump up ^ Staff (November 14, 2007). "Business Briefs". The Lowell Sun (MediaNews Group)</ref> and in October 2009, Raytheon acquired [[BBN Technologies]].<ref>[http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/09-01-2009/0005086069&EDATE= Raytheon Announces Agreement to Purchase BBN Technologies] {{webarchive|url=https://web.archive.org/web/20120511112039/http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=%2Fwww%2Fstory%2F09-01-2009%2F0005086069&EDATE= |date=May 11, 2012}} WALTHAM, Mass., September 1, 2009. PRNewswire.</ref><ref>[http://www.prnewswire.com/news-releases/raytheon-completes-acquisition-of-bbn-technologies-66099457.html Raytheon Completes Acquisition of BBN Technologies] MCKINNEY, Texas, October 26, 2009. PRNewswire.</ref> In December 2010, [[Applied Signal Technology]] agreed to be acquired by Raytheon for $490 million.<ref>{{cite news |last1=Hubler |first1=David |title=Raytheon buys Applied Signal Technology |url=https://washingtontechnology.com/articles/2010/12/20/raytheon--applied-signal-technology.aspx |access-date=August 21, 2019 |agency=Washington Technology |date=December 20, 2010}}</ref>
In November 2007, Raytheon purchased robotics company [[Sarcos]],<ref>Jump up ^ Staff (November 14, 2007). "Business Briefs". The Lowell Sun (MediaNews Group)</ref> and in October 2009, Raytheon acquired [[BBN Technologies]].<ref>[http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/09-01-2009/0005086069&EDATE= Raytheon Announces Agreement to Purchase BBN Technologies] {{webarchive|url=https://web.archive.org/web/20120511112039/http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=%2Fwww%2Fstory%2F09-01-2009%2F0005086069&EDATE= |date=May 11, 2012}} WALTHAM, Mass., September 1, 2009. PRNewswire.</ref><ref>[http://www.prnewswire.com/news-releases/raytheon-completes-acquisition-of-bbn-technologies-66099457.html Raytheon Completes Acquisition of BBN Technologies] MCKINNEY, Texas, October 26, 2009. PRNewswire.</ref> In December 2010, [[Applied Signal Technology]] agreed to be acquired by Raytheon for $490 million.<ref>{{cite news |last1=Hubler |first1=David |title=Raytheon buys Applied Signal Technology |url=https://washingtontechnology.com/articles/2010/12/20/raytheon--applied-signal-technology.aspx |access-date=August 21, 2019 |agency=Washington Technology |date=December 20, 2010}}</ref>


In October 2014, Raytheon beat rivals [[Lockheed Martin]] and [[Northrop Grumman]] for a contract to build 3DELRR, a next-generation long-range radar system, for the [[United States Air Force|US Air Force]] worth an estimated $1 billion.<ref>[https://www.reuters.com/article/us-raytheon-radar-idUSKCN0HV23Z20141006 Raytheon wins deal for next-generation U.S. Air Force radar]. [[Reuters]], October 7, 2014</ref> The contract award involved the construction of next-generation radar that can track aircraft, missiles, and remotely piloted aircraft.<ref>{{Cite book |title=Air Force Magazine, Issues 1-10 |year=2017 |pages=20 |language=en}}</ref> It was immediately protested by Raytheon's competitors. After re-evaluating the bids following the protests,<ref>{{cite web|url=http://www.defensenews.com/story/defense/air-space/isr/2015/01/22/usaf-3delrr-reevaluate/22138939/|title=US Air Force to Reevaluate 3DELRR Award|first=Aaron|last=Mehta|date=January 22, 2015|access-date=August 7, 2017}}</ref> the [[US Air Force]] decided to delay awarding the 3DELRR EMD contract until 2017 and was to issue an amended solicitation at the end of July 2016.<ref>[http://www.janes.com/article/62323/usaf-delays-awarding-3delrr-emd-contract-until-2017 USAF delays awarding 3DELRR EMD contract until 2017]. [[Jane's Information Group|Janes]], July 15, 2016</ref> In 2017 the Air Force again awarded the contract to Raytheon.<ref>{{cite web |last1=Mehta |first1=Aaron |title=Raytheon awarded 3DELRR radar contract for second time |url=https://www.defensenews.com/air/2017/05/11/raytheon-awarded-3delrr-radar-contract-for-second-time/ |website=DefenseNews |access-date=August 20, 2019|date=August 8, 2017 }}</ref>
In October 2014, Raytheon beat rivals [[Lockheed Martin]] and [[Northrop Grumman]] for a contract to build 3DELRR, a next-generation long-range radar system, for the [[United States Air Force|US Air Force]] worth an estimated $1 billion.<ref>[https://www.reuters.com/article/us-raytheon-radar-idUSKCN0HV23Z20141006 Raytheon wins deal for next-generation U.S. Air Force radar]. Reuters, October 7, 2014</ref> The contract award involved the construction of next-generation radar that can track aircraft, missiles, and remotely piloted aircraft.<ref>{{Cite book |title=Air Force Magazine, Issues 1-10 |year=2017 |pages=20 |language=en}}</ref> It was immediately protested by Raytheon's competitors. After re-evaluating the bids following the protests,<ref>{{cite web|url=http://www.defensenews.com/story/defense/air-space/isr/2015/01/22/usaf-3delrr-reevaluate/22138939/|title=US Air Force to Reevaluate 3DELRR Award|first=Aaron|last=Mehta|date=January 22, 2015|access-date=August 7, 2017}}</ref> the [[US Air Force]] decided to delay awarding the 3DELRR EMD contract until 2017 and was to issue an amended solicitation at the end of July 2016.<ref>[http://www.janes.com/article/62323/usaf-delays-awarding-3delrr-emd-contract-until-2017 USAF delays awarding 3DELRR EMD contract until 2017]. [[Jane's Information Group|Janes]], July 15, 2016</ref> In 2017 the Air Force again awarded the contract to Raytheon.<ref>{{cite web |last1=Mehta |first1=Aaron |title=Raytheon awarded 3DELRR radar contract for second time |url=https://www.defensenews.com/air/2017/05/11/raytheon-awarded-3delrr-radar-contract-for-second-time/ |website=DefenseNews |access-date=August 20, 2019|date=August 8, 2017 }}</ref>


In May 2015, Raytheon acquired cybersecurity firm Websense, Inc. from Vista Equity Partners for $1.9 billion<ref>{{Cite news|url=https://www.reuters.com/article/us-websense-m-a-raytheon-idUSKBN0NB13S20150420|title=Raytheon to buy cybersecurity firm Websense in $1.9 billion deal|last=Jaisinghani|first=Sagarika|date=April 25, 2015|work=[[Reuters]]|access-date=October 30, 2018|language=en-US}}</ref> and combined it with RCP, formerly part of its IIS segment to form Raytheon|Websense.<ref>{{cite web|url=https://www.bizjournals.com/washington/blog/fedbiz_daily/2016/01/raytheon-websense-joint-cyber-venture-changes-name.html|title=Raytheon-Websense joint cyber venture changes name to Forcepoint|last=Bach|first=James|date=January 14, 2016|website=[[Washington Business Journal]]|access-date=October 31, 2018}}</ref> In October 2015, Raytheon|Websense acquired Foreground Security, a provider of security operations centers, managed security service solutions{{buzzword inline|date=September 2019}} and cybersecurity professional services,<ref>{{cite web|url=https://www.prnewswire.com/news-releases/raytheon-broadens-cyber-capabilities-with-acquisition-of-foreground-security-300153939.html|title=Raytheon broadens cyber capabilities with acquisition of Foreground Security|date=October 5, 2015|website=[[PR Newswire]]|language=en|access-date=October 31, 2018}}</ref> for $62 million.<ref>{{cite web|url=http://www.transactionview.com/deal-news/raytheon-paid-62m-for-foreground-security|title=Raytheon Paid $62M for Foreground Security|website=TransactionView|language=en|access-date=October 31, 2018}}</ref> In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from [[Intel]] Security for an undisclosed amount and renamed itself to Forcepoint.<ref>{{Cite news|url=https://siliconangle.com/2016/01/14/raytheon-websense-acquires-stonesoft-from-intel-security-renames-combined-company-forcepoint/|title=Raytheon{{!}}Websense acquires Stonesoft from Intel Security, renames combined company Forcepoint|last=Riley|first=Duncan|date=January 14, 2016|work=SiliconANGLE|access-date=October 31, 2018|language=en-US}}</ref>
In May 2015, Raytheon acquired cybersecurity firm Websense, Inc. from Vista Equity Partners for $1.9 billion<ref>{{Cite news|url=https://www.reuters.com/article/us-websense-m-a-raytheon-idUSKBN0NB13S20150420|title=Raytheon to buy cybersecurity firm Websense in $1.9 billion deal|last=Jaisinghani|first=Sagarika|date=April 25, 2015|work=Reuters|access-date=October 30, 2018|language=en-US}}</ref> and combined it with RCP, formerly part of its IIS segment to form Raytheon|Websense.<ref>{{cite web|url=https://www.bizjournals.com/washington/blog/fedbiz_daily/2016/01/raytheon-websense-joint-cyber-venture-changes-name.html|title=Raytheon-Websense joint cyber venture changes name to Forcepoint|last=Bach|first=James|date=January 14, 2016|website=[[Washington Business Journal]]|access-date=October 31, 2018}}</ref> In October 2015, Raytheon|Websense acquired Foreground Security, a provider of security operations centers, managed security service solutions{{buzzword inline|date=September 2019}} and cybersecurity professional services,<ref>{{cite web|url=https://www.prnewswire.com/news-releases/raytheon-broadens-cyber-capabilities-with-acquisition-of-foreground-security-300153939.html|title=Raytheon broadens cyber capabilities with acquisition of Foreground Security|date=October 5, 2015|website=[[PR Newswire]]|language=en|access-date=October 31, 2018}}</ref> for $62 million.<ref>{{cite web|url=http://www.transactionview.com/deal-news/raytheon-paid-62m-for-foreground-security|title=Raytheon Paid $62M for Foreground Security|website=TransactionView|language=en|access-date=October 31, 2018}}</ref> In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from [[Intel]] Security for an undisclosed amount and renamed itself to Forcepoint.<ref>{{Cite news|url=https://siliconangle.com/2016/01/14/raytheon-websense-acquires-stonesoft-from-intel-security-renames-combined-company-forcepoint/|title=Raytheon{{!}}Websense acquires Stonesoft from Intel Security, renames combined company Forcepoint|last=Riley|first=Duncan|date=January 14, 2016|work=SiliconANGLE|access-date=October 31, 2018|language=en-US}}</ref>


In July 2016, [[Poland|Poland's]] Defence Minister [[Antoni Macierewicz]] planned to sign a letter of intent with Raytheon for a $5.6 billion deal to upgrade its Patriot missile-defence shield,<ref>{{Cite news|url=https://www.economist.com/news/business/21702207-weapons-makers-reckon-missiles-will-be-their-next-big-hit-rocketing-around-world|title=Rocketing around the world|newspaper=The Economist|issn=0013-0613|access-date=July 23, 2016}}</ref><ref>{{cite web|url=http://www.spacedaily.com/reports/Poland_moves_towards_multi-billion-euro_Patriot_missile_deal_999.html|title=Poland moves towards multi-billion-euro Patriot missile deal|access-date=July 23, 2016}}</ref> and in 2017, [[2017 United States–Saudi Arabia arms deal|Saudi Arabia signed business deals]] worth billions of dollars with multiple American companies, including Raytheon.<ref>"[https://www.reuters.com/article/us-raytheon-saudi-munitions/saudi-arabia-agrees-to-buy-7-billion-in-precision-munitions-from-u-s-firms-sources-idUSKBN1DM2XC Saudi Arabia agrees to buy $7 billion in precision munitions from U.S. firms: sources]". Reuters. November 23, 2017.</ref><ref>"[https://www.nasdaq.com/article/raytheon-arm-wins-302m-deal-to-boost-saudi-arabias-defense-cm890838 Raytheon Arm Wins $302M Deal to Boost Saudi Arabia's Defense]". Nasdaq.com. December 13, 2017.</ref>
In July 2016, [[Poland|Poland's]] Defence Minister [[Antoni Macierewicz]] planned to sign a letter of intent with Raytheon for a $5.6 billion deal to upgrade its Patriot missile-defence shield,<ref>{{Cite news|url=https://www.economist.com/news/business/21702207-weapons-makers-reckon-missiles-will-be-their-next-big-hit-rocketing-around-world|title=Rocketing around the world|newspaper=The Economist|issn=0013-0613|access-date=July 23, 2016}}</ref><ref>{{cite web|url=http://www.spacedaily.com/reports/Poland_moves_towards_multi-billion-euro_Patriot_missile_deal_999.html|title=Poland moves towards multi-billion-euro Patriot missile deal|access-date=July 23, 2016}}</ref> and in 2017, [[2017 United States–Saudi Arabia arms deal|Saudi Arabia signed business deals]] worth billions of dollars with multiple American companies, including Raytheon.<ref>"[https://www.reuters.com/article/us-raytheon-saudi-munitions/saudi-arabia-agrees-to-buy-7-billion-in-precision-munitions-from-u-s-firms-sources-idUSKBN1DM2XC Saudi Arabia agrees to buy $7 billion in precision munitions from U.S. firms: sources]". Reuters. November 23, 2017.</ref><ref>"[https://www.nasdaq.com/article/raytheon-arm-wins-302m-deal-to-boost-saudi-arabias-defense-cm890838 Raytheon Arm Wins $302M Deal to Boost Saudi Arabia's Defense]". Nasdaq.com. December 13, 2017.</ref>
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In December 2023, RTX announced that CEO Greg Hayes would step down the following May and be replaced by company president Christopher Calio.<ref>{{Cite web |last=Weisgerber |first=Marcus |date=2023-12-15 |title=RTX CEO Greg Hayes to step down in May |url=https://www.defenseone.com/business/2023/12/rtx-ceo-greg-hayes-step-down-may/392789/ |access-date=2023-12-15 |website=Defense One |language=en}}</ref>
In December 2023, RTX announced that CEO Greg Hayes would step down the following May and be replaced by company president Christopher Calio.<ref>{{Cite web |last=Weisgerber |first=Marcus |date=2023-12-15 |title=RTX CEO Greg Hayes to step down in May |url=https://www.defenseone.com/business/2023/12/rtx-ceo-greg-hayes-step-down-may/392789/ |access-date=2023-12-15 |website=Defense One |language=en}}</ref>


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.<ref>{{Cite news |last=Stone |first=Mike |date=August 30, 2024 |title=RTX fined $200 million for exports to China and others, US says |url=https://www.reuters.com/business/aerospace-defense/rtx-pay-200-million-fine-export-mistakes-state-department-says-2024-08-30/ |access-date=August 31, 2024 |work=[[Reuters]]}}</ref>
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.<ref>{{Cite news |last=Stone |first=Mike |date=August 30, 2024 |title=RTX fined $200 million for exports to China and others, US says |url=https://www.reuters.com/business/aerospace-defense/rtx-pay-200-million-fine-export-mistakes-state-department-says-2024-08-30/ |access-date=August 31, 2024 |work=Reuters}}</ref>


==Business units==
==Business units==