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About Raytheon Company

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.


To support its customers worldwide, Raytheon serves defense and intelligence markets via five business segments: Integrated Defense Systems (IDS), Intelligence, Information and Services (ISS), Missile Systems (MS), Space and Airborne Systems (SAS), and Forcepoint (joint venture launched in 2015).

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.

Geographic Reach

Raytheon maintains offices in nearly 20 countries and has established global companies to serve customers Australia, Canada, Germany, the US, and the UK. The company sells products and services to customers in 80 nations, although the US accounts for about 70% of net sales.

Sales and Marketing

The US government accounts for about 70% of Raytheon's sales. 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.

Financial Performance

Raytheon's revenues have increased the last two years, climbing 4% from $23.3 billion in 2015 to $24.1 billion in 2016. The growth was fueled by increases in its MS and SAS segments and strong gains from Forcepoint.

MS sales climbed in 2016 due to higher net sales on its Paveway program (portfolio of laser and GPS precision guided munitions) that was principally driven by international requirements, and SAS experienced higher net sales on classified programs. In addition, Forcepoint sales surged by more than 70% due to two previous acquisitions and the growing global demand for cybersecurity products.

Raytheon's profits also jumped 7% from $2.1 billion in 2015 to $2.2 billion in 2016 mainly due to the increase in total revenues. In addition, Raytheon's operating cash flow jumped 7% from $2.4 billion in 2015 to almost $2.9 billion in 2016 primarily due to lower net tax payments and favorable changes in inventory.


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. Its business is also contingent, to a great extent, on the federal defense budget. With the US budget deficit fluctuating with each president's administration, Raytheon has focused on growing its international business by treating key foreign countries as individual markets with multiple customers.

Raytheon's internal investments, including capital expenditures and spending on software, increased 37% from 2015 to 2016 and enabled it to support future growth and productivity initiatives across the company. One key investment is the expansion of its main Arizona operations to meet the growth demands at its MS segment.

Mergers and Acquisitions

The company's cybersecurity business has been a point of focus of late, primarily through multiple acquisitions, which reflect Raytheon's general strategy for building its operations and growing its customer base.

In 2015 Raytheon created Forcepoint, a new cybersecurity joint venture company (with Vista Equity Partners), in order to extend its cyber capabilities into the commercial markets. At the time, Forcepoint purchased Websense, a provider of advanced threat protection and data theft prevention services across web, email, cloud, and endpoint infrastructure, for $1.9 billion. Raytheon combined Websense with Raytheon Cyber Products, formerly part of its IIS segment.

Also in 2015, Raytheon augmented its MS segment through the purchase of Sensintel, a privately held provider of unmanned aircraft systems products to the intelligence and special operations markets.

Raytheon Company

Waltham, MA 02451-1449
Phone: 1 (781) 522-3000


Employer Type: Publicly Owned
Stock Symbol: RTN
Stock Exchange: , NYSE
Chairman and CEO: Thomas A. Kennedy
CIO: Kevin T. Neifert
VP and CFO: Anthony F. O?Brien
Employees (This Location): 450
Employees (All Locations): 67,000

Major Office Locations

Waltham, MA

Other Locations

Hazel Green, AL
Huntsville, AL
Camden, AR
Little Rock, AR
Tucson, AZ
Vail, AZ
Anaheim, CA
Buena Park, CA
Covina, CA
El Dorado Hills, CA
El Segundo, CA
Fort Irwin, CA
Fullerton, CA
Goleta, CA
Huntington Beach, CA
Lompoc, CA
Los Angeles, CA
Los Gatos, CA
Oceanside, 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
Largo, FL
Orlando, FL
Patrick Afb, FL
Saint Petersburg, FL
Shalimar, FL
Tyndall Afb, 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
Fairdale, KY
Fort Campbell, KY
Louisville, KY
Deridder, LA
Lake Charles, LA
New Orleans, LA
Andover, MA
Billerica, MA
Burlington, MA
Cambridge, MA
Chelmsford, MA
Framingham, MA
Lexington, MA
Marlborough, MA
Pittsfield, MA
Quincy, MA
Tewksbury, MA
Watertown, MA
Woburn, MA
Aberdeen, MD
Aber Prov Grd, MD
Annapolis Junction, MD
Columbia, MD
Frederick, MD
Riverdale, MD
Silver Spring, MD
Upper Marlboro, MD
Minneapolis, MN
Forest, MS
Fort Bragg, NC
Morrisville, NC
Raleigh, 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
Bristol, RI
Middletown, RI
Portsmouth, RI
Sioux Falls, SD
Clarksville, TN
Arlington, TX
Austin, TX
Dallas, 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
Calgary, Canada
Midland, Canada
Renfrew, Canada
Shearwater, Canada
Waterloo, Canada
Woodbridge, Canada
Argenteuil, France
Paris, France
Velizy Villacoublay, France
Oslo, Norway
Moscow, Russia
Åkersberga, Sweden
Taipei City, Taiwan
Harlow, England
Helsinki, Finland
Glenrothes, Scotland
Singapore, Singapore
Studen, Switzerland