Raytheon Company History Timeline

(10,548 Jobs)
1922

Raytheon was founded by Laurence K. Marshall, Vannevar Bush and Charles G. Smith on July 7, 1922 and is headquartered in Waltham, MA.“

One of the earliest technology start-ups, Raytheon was established in Cambridge, Mass., home of the Massachusetts Institute of Technology, on July 7, 1922 as the American Appliance Company.

Raytheon Company was founded in Cambridge, Mass., as the American Appliance Company in 1922, a pivotal time in American history.

In 1922, two former Tufts University School of Engineering, roommates Laurence K. Marshall and Vannevar Bush, along with scientist Charles G. Smith, founded the American Appliance Company in Cambridge, Massachusetts.

1925

In 1925, the company changed its name to Raytheon Manufacturing Company and began marketing its rectifier, under the Raytheon brand name, with commercial success.

1927

By 1927, Cossor launched his famous Melody Maker radio set that would soon become a centerpiece of British homes.

1928

In 1928 Raytheon merged with Q.R.S. Company, an American manufacturer of electron tubes and switches, to form the successor of the same name, Raytheon Manufacturing Company.

1933

In 1933 it diversified by acquiring Acme-Delta Company, a producer of transformers, power equipment, and electronic auto parts.

1936

By 1936, Cossor achieved another historic milestone by becoming the first company in the U.K. to sell a television set.

1945

At war's end in 1945 the company was responsible for about 80 percent of all magnetrons manufactured.

In 1945, Raytheon's Percy Spencer invented the microwave oven by discovering that the magnetron could rapidly heat food.

1947

In 1947, the company demonstrated the Radarange microwave oven for commercial use.

1948

In 1948, Raytheon began to manufacture guided missiles.

1950

In 1950, its Lark missile became the first such weapon to destroy a target aircraft in flight.

1954

In 1954 it entered into a joint venture with Honeywell to form the Datamatic corporation.

1959

In 1959, Raytheon acquired the marine electronics company Apelco Applied Electronics, which significantly increased its strength in commercial marine navigation and radio gear, as well as less-expensive Japanese suppliers of products such as marine/weather band radios and direction-finding gear.

1961

In 1961, Raytheon acquired the A.C. Cossor company.

In 1961, the British electronics company A.C. Cossor merged with Raytheon, following its sale by Philips.

1965

In 1965, it acquired Amana Refrigeration, Inc., a manufacturer of refrigerators and air conditioners.

1966

In 1966, the company entered the educational publishing business with the acquisition of D.C. Heath and Company, marketing an influential physics textbook developed by the Physical Science Study Committee.

1967

Using the Amana brand name and its distribution channels, Raytheon began selling the first countertop household microwave oven in 1967 and became a dominant manufacturer in the microwave oven business.

1991

In 1991, during the Persian Gulf War, Raytheon's Patriot missile received great international exposure, resulting in a substantial increase in sales for the company outside the United States.

2007

In November 2007, Raytheon purchased Sarcos for an undisclosed sum, seeking to expand into robotics research and production.

2009

In September 2009, Raytheon entered into an agreement to acquire BBN Technologies.

2014

In October 2014, Raytheon beat rivals Lockheed Martin and Northrop Grumman for a contract to build 3DELRR, a next-generation long-range radar system, for the US Air Force worth an estimated $1 billion.

2015

In October 2015, Raytheon|Websense acquired Foreground Security, a provider of security operations centers, managed security service solutions and cybersecurity professional services, for $62 million.

2016

In July 2016, Poland's Defence Minister Antoni Macierewicz planned to sign a letter of intent with Raytheon for a $5.6 billion deal to upgrade its Patriot missile-defence shield.

2019

In July 2019, Qatar’s Ministry of Defense committed to acquire Raytheon’s NASAM and Patriot missile defense systems.

2020

In April 2020, Raytheon Company merged with United Technologies Corporation to form Raytheon Technologies Corp.

Founded
1922
Company Founded
Headquarters
Waltham, MA
Company Headquarter
Founders
Laurence Marshall,Charles Smith,Vannevar Bush
Company Founders

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