Raytheon
U.S. defense contractor
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October 2024 | RTX agreed to pay nearly $1 billion to settle allegations of defrauding the U.S. Defense Department and bribing a Qatari military official. |
August 2024 | RTX agreed to pay a $200 million fine for unauthorized export of defense technology to multiple countries, settling over 750 violations of export regulations. |
July 2023 | Raytheon Technologies changed its name to RTX Corporation. |
February 2023 | Raytheon received a third sanction from the Chinese government related to arm sales to Taiwan. |
February 2022 | Raytheon received a second sanction from the Chinese government related to arm sales to Taiwan. |
October 2020 | Raytheon was sanctioned by the Chinese government for arm sales to Taiwan. |
April 2020 | Raytheon merged with United Technologies Corporation, forming Raytheon Technologies and relocating headquarters to Arlington, Virginia. |
February 2020 | Raytheon completed the first radar antenna array for the US Army's new Lower Tier Air and Missile Defense Sensor (LTAMDS), designed to replace the Patriot air and missile defense system sensor. |
July 2019 | Qatar's Ministry of Defense committed to acquire Raytheon's NASAM and Patriot missile defense systems, though the company was later fined for paying bribes to Qatari officials to influence defense purchases. |
2018 | Raytheon had approximately 67,000 employees worldwide and annual revenues of about US$25.35 billion. |
November 2018 | Raytheon's market capitalization was valued at over US$51.7 billion, with company shares trading at over $164 per share. |
2017 | Raytheon was re-awarded the 3DELRR EMD contract by the US Air Force after previous protests and contract re-evaluation. |
2017 | Raytheon reported annual financial results, with earnings of US$2.024 billion and annual revenue of US$25.348 billion, representing a 5.1% increase from the previous fiscal year. |
2017 | Raytheon signed significant business deals with Saudi Arabia, worth billions of dollars. |
2017 | Company reaches a peak share price of $164.75, with 64,000 employees and a revenue of $25,348 million. |
2016 | Raytheon's share price significantly increases to $128.50, with net income rebounding to $2,244 million. |
July 2016 | Poland's Defence Minister planned to sign a letter of intent with Raytheon for a $5.6 billion deal to upgrade its Patriot missile-defence shield. |
January 2016 | Raytheon|Websense acquired the firewall provider Stonesoft from Intel Security and rebranded itself as Forcepoint. |
2015 | Company share price continues to climb, reaching $102.58, though net income slightly decreases to $2,110 million. |
October 2015 | Raytheon|Websense acquired Foreground Security for $62 million, further expanding its cybersecurity capabilities. |
May 2015 | Raytheon acquired cybersecurity firm Websense, Inc. from Vista Equity Partners for $1.9 billion, which was later combined with RCP to form Raytheon|Websense. |
2014 | Raytheon experiences a sharp increase in share price to $89.54, with net income rising to $2,244 million. |
October 2014 | Raytheon won a competitive contract to build the 3DELRR long-range radar system for the US Air Force, worth an estimated $1 billion, despite immediate protests from competitors Lockheed Martin and Northrop Grumman. |
September 2014 | Thomas Kennedy became Chairman of Raytheon in addition to his role as CEO, replacing William H. Swanson who had been Chairman since 2003. |
March 2014 | Thomas Kennedy was named CEO of Raytheon Company, succeeding William H. Swanson who had been CEO since 2003. |
2013 | Raytheon was awarded the EPA Goal Achievement Award for excellence in greenhouse gas management. |
2013 | Raytheon reaches 63,000 employees, marking a significant workforce milestone. |
2010 | Raytheon reports annual revenue of $25,150 million with a net income of $1,840 million and 40.55 USD price per share. |
December 2010 | Raytheon acquired Applied Signal Technology for $490 million, expanding its technology portfolio and defense capabilities. |
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