Raytheon Company History Timeline

(10,548 Jobs)

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.


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


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


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.


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


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


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.


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


In 1948, Raytheon began to manufacture guided missiles.


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


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


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.


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.


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


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.


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.


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.


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


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


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.


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.


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.


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


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

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

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