Raytheon Technologies is one of the largest aerospace and defense companies in the world, headquartered in Waltham, Massachusetts, USA. Formed through the merger of Raytheon Company and United Technologies Corporation (UTC) in 2020, Raytheon Technologies has a diverse portfolio of products and services that span commercial aerospace, defense systems, and advanced technology development. The company’s innovations have a global impact, serving both civilian and military sectors across over 180 countries.
Raytheon Technologies is renowned for its advanced systems in avionics, missile defense, cybersecurity, and space exploration, with some of its most notable subsidiaries like Collins Aerospace and Pratt & Whitney playing key roles in aviation technology and defense. The company continues to drive cutting-edge innovation by integrating artificial intelligence, autonomous systems, and next-generation defense mechanisms to meet the evolving needs of modern warfare and commercial aviation.
CEO and Founder of Raytheon Technologies
Raytheon Technologies was formed through the merger of two industry giants – Raytheon Company, originally founded in 1922 by Laurence K. Marshall, Vannevar Bush, and Charles G. Smith, and United Technologies Corporation (UTC), founded by Frederick Rentschler in 1934. The current CEO of Raytheon Technologies is Gregory J. Hayes, who assumed the role after the merger in 2020. Under his leadership, the company has focused on strengthening its position in aerospace and defense by integrating the strengths of Raytheon’s defense systems with UTC’s aerospace capabilities. Gregory J. Hayes has been instrumental in leading the company through complex global challenges while positioning it as a leader in next-gen aerospace technologies and defense innovations.
List of Top Companies Under Raytheon Technologies
Raytheon Technologies operates several key subsidiaries and business units, each with significant market value and global recognition in aerospace, defense, and commercial sectors. Below is a list of the top companies and divisions under Raytheon Technologies:
| Company Name | Year Acquired/Founded | Valuation | Industry |
|---|---|---|---|
| Pratt & Whitney | 1925 (Founded, Part of UTC) | $21 Billion | Aerospace (Aircraft Engines) |
| Collins Aerospace | 2018 (Acquired by UTC) | $24 Billion | Aerospace Systems, Avionics |
| Raytheon Missiles & Defense | 2020 (Merger) | $18 Billion | Missile Systems, Defense |
| Raytheon Intelligence & Space | 2020 (Merger) | $16 Billion | Cybersecurity, Satellite Systems |
| Rockwell Collins | 2018 (Acquired by UTC) | $23 Billion | Avionics, Defense Electronics |
| Hamilton Sundstrand | 1958 (Acquired by UTC) | $8 Billion | Aerospace, Industrial Systems |
| BEECHCRAFT | 2013 (Part of Raytheon via Textron Aviation) | $4 Billion | General Aviation, Aircraft Manufacturing |
| Goodrich Corporation | 2011 (Acquired by UTC) | $18 Billion | Aircraft Systems, Aerospace |
FAQs About Raytheon Technologies
Q1: When was Raytheon Technologies founded?
A: Raytheon Technologies was formed in 2020 through the merger of Raytheon Company (founded in 1922) and United Technologies Corporation (founded in 1934).
Q2: Who is the current CEO of Raytheon Technologies?
A: Gregory J. Hayes is the current CEO of Raytheon Technologies. He has led the company since its formation in 2020.
Q3: What industries does Raytheon Technologies operate in?
A: Raytheon Technologies operates in aerospace, defense, cybersecurity, avionics, missile systems, and space exploration.
Q4: What are the top companies under Raytheon Technologies?
A: Some of the top subsidiaries and business units under Raytheon Technologies include Pratt & Whitney, Collins Aerospace, Raytheon Missiles & Defense, and Raytheon Intelligence & Space.
Q5: What is the valuation of Raytheon Technologies?
A: Raytheon Technologies has a market capitalization of over $125 billion as of 2024, making it one of the largest defense and aerospace companies globally.
Q6: How is Raytheon Technologies contributing to defense innovations?
A: Raytheon Technologies is at the forefront of defense innovation through its work in missile defense, cybersecurity, radar systems, and autonomous military technologies.
