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Raytheon Company

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Raytheon Company - Aerospace showcase

Year Founded & Workforce

1922

60,000 Employees

Industry

Aerospace

Services

SonarMaritime SecurityC5ISRRF GaNSecurity Operations Center
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Raytheon Company Employee Contacts

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Raytheon Company Overview

Company Headquarters: Waltham, Massachusetts, US

Founded: 1922

Workforce: ~60,000

Company Working: Raytheon Company develops combined products, services, and solutions for defense and other government sectors worldwide. It operates through five segments, namely integrated defense systems (IDS), intelligence, information, and services (IIS), missile systems (MS), space and airborne systems (SAS), and force point. The IDS segment provides integrated airborne and missile systems; land and sea-based radar solutions; control, computers, communications, cyber, and intelligence solutions; and ship electronic systems. The IIS segment provides a number of technical and professional services, such as intelligence, surveillance, and reconnaissance, navigation, cybersecurity, analytics, training, logistics, mission support, and air traffic management systems. The SAS segment offers secure sensor solutions, intelligence, surveillance, and reconnaissance systems (ISRS), electronic warfare systems, space systems, and integrated communication systems.

It assists the US Department of Defense (DOD), the US Intelligence Community, the US Armed Forces, National Oceanic and Atmospheric Administration, Federal Aviation Administration, Department of Homeland Security, National Aeronautics and Space Administration, and other international customers.

Strategy

Raytheon aims at developing emerging technological trends, identifying existing technology to address customer needs, developing competitive products as a part of its growth priorities. Raytheon continues to expand advanced cyber solutions for various international and commercial markets to strengthen its market presence. The company focuses on its research and development capabilities to expand its product innovation and testing capabilities. It also intends to widen its opportunities by considering countries as individual markets with multiple customers.

Company Snapshot

$23,321M

Revenue

60,000

Employees

$42,080M

Market Cap

1922

Founded

Waltham, Massachusetts, US

Headquarters

SWOT Analysis

Strengths

  • Focus on research and development
  • Wide Product Portfolio
  • Strong network and Innovation Capabilities
  • Vast product portfolio
  • Diversified business segments
  • Strong focus on R&D (Raytheon Company invested USD 841 million in R&D in 2018 as against USD 700 million in 2017)
  • Vast product portfolio and diversified business segments
  • Strong focus on research and development
  • Strong focus on R&D
  • Strong focus on R&D (Raytheon Company invested USD 841 million in R&D in 2018 as against USD 700 million in 2017
  • Increasing investments in R&D (USD 841 million in R&D in 2018 as against USD 700 million in 2017)

Weaknesses

  • Dependence on vendors and suppliers
  • Limited success outside core business
  • Dependence on a limited number of suppliers
  • Limited presence in developing economies such as Asia-Pacific
  • Limited presence in developing nations
  • Dependence on a few licensed suppliers
  • Limited presence in developing nation
  • Dependency on few licensed suppliers
  • Dependent on a limited number of suppliers
  • Dependence on a few limited suppliers

Opportunities

  • Strategic Partnership
  • Expanding Global Cybersecurity Market
  • Scope to expand in Asia-Pacific as regional security concerns are increasing the demand for advanced sonar systems
  • Focus on strategic collaborations & acquisitions
  • Existing product development
  • Significant growth through mergers and acquisition
  • Scope to expand in Asia-Pacific as regional security concerns are increasing the demand for C5ISR systems
  • Scope to expand in Asia-Pacific as regional security concerns are increasing the demand for unattended ground sensors
  • Scope to expand in Asia-Pacific as regional security concerns is increasing the demand for advanced counter UAS systems
  • Scope to expand in Asia-Pacific as increasing air passenger traffic is increasing the demand for airport surveillance radar systems

Threats

  • Government Contract Compliance and Regulations
  • Growing Geo-Political Conflict with Russia
  • Foreign Exchange Risks
  • Technology advancements by competitors
  • Rapid technological changes
  • Slow certification process
  • Intense competition
  • High competition from Lockheed Martin Corporation

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Key Developments

DateApproachDevelopment
July 2017Product launchRaytheon Company announced the launch of its CyberSponse security platform to automate threat detection and response for its managed services customers. This technology collaboration combines CyberSponse's automated incident response and security orchestration capabilities with Raytheon's innovative Virtual-Security Operations Center, or V-SOC services, to reduce attacker dwell time in enterprises defended by Raytheon (NYSE: RTN).
August 2019ContractRaytheon Company signed an indefinite-delivery/indefinite-quantity (ID/IQ) contract with the US Navy to provide AN/AQS-20 Minehunting Sonar systems.
May 2017ContractRaytheon Company signed a contract with the US Navy for USD 28 million to provide variable depth sonar systems for the Navy’s Littoral Combat Ship class.
December 2019ContractRaytheon Company signed a contract with the US Navy to provide MALD systems.
September 2019AgreementRaytheon Company signed an agreement with Hanwha Systems to manufacture Identification Friend or Foe systems for the Korean military.
June 2019MergerRaytheon Company and United Technologies Corporation signed an agreement to combine in an all-stock merger of equals to form a combined company named Raytheon Technologies. The deal is expected to close in the first half of 2020. The merger will enable both the companies to strengthen their products and enhance their position in the global defense market.
March 2019ExpansionRaytheon UK announced its plans to open its new office in London and a manufacturing facility in Scotland to develop innovative solutions for the global defense market.
February 2019ExpansionRaytheon Emirates, a subsidiary of Raytheon Company, inaugurated its headquarter in Abu Dhabi. The new headquarter will enable the company to offer enhanced products and services to its customers in the UAE and develop its position in the UAE defense market.
September 2018ContractRaytheon Company signed a contract with a government customer in the Middle East North Africa Region to provide cybersecurity solutions.
May 2018InvestmentRaytheon Company invested USD 100 million to expand its manufacturing facility in Mississippi, the US.
May 2018ContractRaytheon Company signed a contract with the US Air Force to provide 779 units of AN/ALR-69A(V) Radar Warning Receivers.
December 2017InvestmentRaytheon Company announced the formation of its new subsidiary named Raytheon Emirates.
March 2019ContractRaytheon Company signed a contract with a Middle Eastern company to offer mobile surveillance system.
December 2017ExpansionRaytheon Company announced the formation of its new subsidiary named Raytheon Emirates, headquartered in Abu Dhabi, UAE. The establishment of the new subsidiary enabled the company to establish its position in the defense market of the Middle East.
January 2020ContractRaytheon Company signed a contract with the FAA to modernize the US’s STARS system. The contract will enable the US civil and military airports to experience enhanced surveillance capability.
June 2019AgreementRaytheon Company and United Technologies Corporation signed an agreement to combine in an all-stock merger of equals to form a combined company named Raytheon Technologies. The deal is expected to close in the first half of 2020. The merger will enable both the companies to strengthen their products and enhance their position in the global aerospace and defense market.
March 2019ExpansionRaytheon UK announced its plans to open its new office in London and a manufacturing facility in Scotland to develop innovative solutions for the global defense and aerospace market.
August 2018ExpansionRaytheon Company invested USD 72 million for developing a manufacturing facility in Andover, US. The facility will focus on developing advanced radar solutions.
March 2018ContractRaytheon Company signed a contract with FAA, amounting to USD 73 million to upgrade the latter’s STARS system.
March 2018CollaborationRaytheon Company collaborated with Hensoldt, a global security sensors provider, to develop new and advanced airport surveillance radar solutions. The partnership will enable the company to strengthen its presence in the global airport surveillance radar market.
December 2017InvestmentRaytheon Company announced the formation of its new subsidiary named Raytheon Emirates. The formation of the company enabled the company to strengthen its position in the Middle East and offer enhanced services to its customers.

Product Offering

  • Raytheon Company
    • Sonar
    • Maritime Security
    • C5ISR
    • RF GaN
    • Security Operations Center
    • Maritime VSAT
    • UGS
    • Counter UAS
    • Airport Surveillance Radar

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Global Revenue rose from USD 23,321 Mn in 2015 to USD 27,058 Mn in 2018.
Raytheon Company — By Business Segment
Series (USD Mn)2015201620172018
Global Revenue23,32124,12425,34827,058

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