The Raytheon Company was founded in 1922 by engineers Laurence K. Marshall and Vannevar Bush, and the scientist Charles G. Smith as the American Appliance Company in Massachusetts. The company originally focused on refrigeration technology but soon changed to electronics.
The company’s first product was a radio-receiver power supply that made it possible to convert household alternating current to direct current and thus eliminate the need for batteries. This invention was called Raytheon, meaning light of/from the gods.
In 1925 the company changed its name to Raytheon and marketed the product with the same name, to great commercial success.
During World War II Raytheon received a contract from the U.S. Government to manufacture a device that improved the capability of radar to detect enemy aircraft.
In the research for this device, the potential of microwaves to cook food was discovered and the company manufactured the first microwave oven in 1947.
In 1961 Raytheon merged with A.C. Cosser, a British electronics company.
In 1980 the company acquired Beech Aircraft Corporation, a leading manufacturer of general aviation aircraft.
In the 1990’s Raytheon expanded further in the defense electronics field through numerous acquisitions.
Today Raytheon is a major defense contractor that has a manufacturing concentration in weapons, and military and commercial electronics. Raytheon is the world’s largest producer of guided missiles.
Raytheon has 68,000 employees worldwide and had $24.857 in revenue in 2012.
The Raytheon CompanyThe Raytheon Company was founded in 1922 by engineers Laurence K. Marshall and Vannevar Bush, and the scientist Charles G. Smith as the American Appliance Company in Massachusetts. The company originally focused on refrigeration technology but soon changed to electronics.
The company’s first product was a radio-receiver power supply that made it possible to convert household alternating current to direct current and thus eliminate the need for batteries. This invention was called Raytheon, meaning light of/from the gods.
In 1925 the company changed its name to Raytheon and marketed the product with the same name, to great commercial success.
History
During World War II Raytheon received a contract from the U.S. Government to manufacture a device that improved the capability of radar to detect enemy aircraft.
In the research for this device, the potential of microwaves to cook food was discovered and the company manufactured the first microwave oven in 1947.
In 1961 Raytheon merged with A.C. Cosser, a British electronics company.
In 1980 the company acquired Beech Aircraft Corporation, a leading manufacturer of general aviation aircraft.
In the 1990’s Raytheon expanded further in the defense electronics field through numerous acquisitions.
Today Raytheon is a major defense contractor that has a manufacturing concentration in weapons, and military and commercial electronics. Raytheon is the world’s largest producer of guided missiles.
Raytheon has 68,000 employees worldwide and had $24.857 in revenue in 2012.