Raytheon ("light of the gods") shines in the upper pantheon of US military contractors; the company regularly places among the Pentagon's top 10 prime contractors. Its air/land/sea/space/cyber defense offerings include reconnaissance, targeting, and navigation systems, as well as missile systems (Patriot, Sidewinder, and Tomahawk), unmanned ground and aerial systems, sensing technologies, and radars. Additionally, Raytheon makes systems for communications (satellite) and intelligence, radios, cybersecurity, and air traffic control. It also offers commercial electronics products and services, as well as food safety processing technologies. The US government accounts for a large portion of sales.

Geographic Reach

Raytheon maintains offices in nearly 20 countries and has established global companies to serve customers Australia, Spain, France, Germany, Canada, and the UK. The company sells products and services to customers in 80 nations, although the US accounts for about three-fourths of sales (with the Asia-Pacific and Middle East and North Africa regions each bringing in an additional 10%).

Sales and Marketing

The US government accounted for 70% of Raytheon's sales in 2014. While it consistently counts among its customers the US Department of Defense (DoD), the Federal Bureau of Investigation (FBI), and NASA, as well as members of the US military and US intelligence communities, Raytheon also has some key international customers. The company has contracts with South Korea to provide air and missile defense systems, with Japan for training, Saudi Arabia for surveillance systems, and Australia for joint standoff weapons. Other main global clients include Finland, Germany, Taiwan, and the United Arab Emirates.


To support its customers worldwide, Raytheon serves defense and intelligence markets via four business segments: Integrated Defense Systems (IDS), Intelligence, Information and Services (ISS),  Missile Systems (MS), and Space and Airborne Systems (SAS). Previously the company operated in six segments, but it restructured in April 2013. Its former segments included Network Centric Systems (NCS) and Technical Services (TS).

Having patented the first microwave more than 65 years ago, Raytheon is still developing and designing futuristic realities. The product that stands out most in the company's portfolio is the missile, however. As the world's #1 missile maker, Raytheon is a key player in US efforts to construct a comprehensive missile defense system. Such systems need intercept vehicles, sensors, command and control systems, and systems integration expertise. Raytheon's precision engagement offerings include the company's missiles, as well as radars, data links, targeting and warning systems, and lasers. In recent years the company has released an air and missile defense systems product line, which includes the Standard Missile-3, the Exoatmospheric Kill Vehicle (EKV), and branded development programs.

Financial Performance

Raytheon's revenues have been gradually declining the last four years, with revenues dipping 4% from $23.7 billion in 2013 to $22.8 billion in 2014. Profits, however, jumped 12% from $2 billion in 2013 to $2.2 billion in 2014 due to a decrease in operation expenses. Raytheon's operating cash flow in 2014 decreased by 19% to $2.18 billion due to cash outflows in pension and other post-retirement benefit plans.

The decline in revenue for 2014 was fueled by a drop in IDS sales due to the scheduled completion of certain production phases on various Patriot programs for international customers. It was also hurt by lower net sales on a close combat tactical radar program and on a missile defense radar program for an international customer. MS sales also dipped due to declines in production within the US Army budget.


Raytheon's business is contingent, to a great extent, on the federal defense budget. With the US budget deficit hitting an all-time high in recent years, the present administration is struggling to prioritize among such spending initiatives as defense, homeland security, health care reform, and alternative energy development. 

Raytheon's diverse product lineup puts it in a better position to weather budget cuts than some of its competitors that handle a limited number of defense products and services. The company's offerings run the gamut from kill vehicles (ballistic missile interceptors) to pasteurization technology and GPS satellites.

Mergers and Acquisitions

The company's cybersecurity business has been getting a lot of attention of late, primarily through multiple acquisitions, which reflect Raytheon's general strategy for building its operations and growing its customer base. In 2014 Raytheon acquired Virginia-based Blackbird Technologies, a provider of persistent surveillance, secure tactical communications, and cybersecurity products to the intelligence and special operations market, for $420 million. Blackbird became part of the company’s IIS business.

In 2015 Raytheon augmented its MS segment when it acquired Sensintel, a privately held provider of unmanned aircraft systems products to the intelligence and special operations markets.

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870 Winter St
Waltham, MA 02451-1449
Phone: 1 (781) 522-3000
Fax: 1 (781) 522-5830


  • Employer Type: Public
  • Chairman and CEO: Thomas A. Kennedy
  • CIO: Kevin T. Neifert
  • VP and CFO: Anthony F. O?Brien

Major Office Locations

  • Waltham, MA
  • Dallas, TX

Other Locations

  • Hazel Green, AL
  • Huntsville, AL
  • Redstone Arsenal, AL
  • Camden, AR
  • Little Rock, AR
  • Tucson, AZ
  • Anaheim, CA
  • Beale Afb, CA
  • Buena Park, CA
  • Covina, CA
  • El Segundo, CA
  • Fort Irwin, CA
  • Fullerton, CA
  • Goleta, CA
  • Huntington Beach, CA
  • Lompoc, CA
  • Los Angeles, CA
  • Oceanside, CA
  • Pasadena, CA
  • Port Hueneme, CA
  • Rancho Cucamonga, CA
  • Ridgecrest, CA
  • San Diego, CA
  • Santa Fe Springs, CA
  • Sunnyvale, CA
  • Torrance, CA
  • Aurora, CO
  • Centennial, CO
  • Colorado Springs, CO
  • Greenwood Village, CO
  • Mystic, CT
  • Wilmington, DE
  • Cocoa, FL
  • Eglin Afb, FL
  • Fort Walton Beach, FL
  • Gulf Breeze, FL
  • Key West, FL
  • Lake Mary, FL
  • Largo, FL
  • Orlando, FL
  • Saint Petersburg, FL
  • Shalimar, FL
  • Tyndall Afb, FL
  • West Palm Beach, FL
  • Albany, GA
  • Augusta, GA
  • Byron, GA
  • Columbus, GA
  • Fort Benning, GA
  • Warner Robins, GA
  • Rolling Meadows, IL
  • Rosemont, IL
  • Fort Wayne, IN
  • Indianapolis, IN
  • Valley Center, KS
  • Fairdale, KY
  • Fort Campbell, KY
  • Louisville, KY
  • Lake Charles, LA
  • Leesville, LA
  • New Orleans, LA
  • Andover, MA
  • Billerica, MA
  • Burlington, MA
  • Cambridge, MA
  • Chelmsford, MA
  • Framingham, MA
  • Lexington, MA
  • Marlborough, MA
  • Quincy, MA
  • Sudbury, MA
  • Tewksbury, MA
  • Watertown, MA
  • Woburn, MA
  • Aber Prov Grd, MD
  • Aberdeen, MD
  • Annapolis Junction, MD
  • Columbia, MD
  • Frederick, MD
  • Riverdale, MD
  • Silver Spring, MD
  • Upper Marlboro, MD
  • Minneapolis, MN
  • Saint Paul, MN
  • Saint Ann, MO
  • Saint Louis, MO
  • Forest, MS
  • Fort Bragg, NC
  • Morrisville, NC
  • Bellevue, NE
  • Omaha, NE
  • Pelham, NH
  • Moorestown, NJ
  • Mount Laurel, NJ
  • Albuquerque, NM
  • Farmington, NM
  • Las Cruces, NM
  • Las Vegas, NV
  • Port Jefferson, NY
  • Beavercreek, OH
  • Lawton, OK
  • Chambersburg, PA
  • State College, PA
  • Middletown, RI
  • Portsmouth, RI
  • North Charleston, SC
  • Sioux Falls, SD
  • Clarksville, TN
  • Arlington, TX
  • Austin, TX
  • Denton, TX
  • El Paso, TX
  • Fort Worth, TX
  • Garland, TX
  • Greenville, TX
  • Houston, TX
  • Irving, TX
  • Killeen, TX
  • Mckinney, TX
  • Plano, TX
  • Premont, TX
  • Richardson, TX
  • San Antonio, TX
  • Clearfield, UT
  • Salt Lake City, UT
  • Alexandria, VA
  • Arlington, VA
  • Chantilly, VA
  • Chesapeake, VA
  • Dulles, VA
  • Falls Church, VA
  • Fort Lee, VA
  • Hampton, VA
  • Herndon, VA
  • Mc Lean, VA
  • Montpelier, VA
  • New Kent, VA
  • Norfolk, VA
  • Reston, VA
  • Springfield, VA
  • Stafford, VA
  • Sterling, VA
  • Virginia Beach, VA
  • Keyport, WA
  • Seattle, WA
  • Tukwila, WA
  • Manaus, Brazil
  • Calgary, Canada
  • Hornell Heights, Canada
  • Midland, Canada
  • Waterloo, Canada
  • Woodbridge, Canada
  • Oslo, Norway
  • Singapore, Singapore
  • Studen, Switzerland
  • Taipei City, Taiwan
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