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78-550: Raytheon was established in 1922, reincorporated in 1928, and adopted the Raytheon Company name in 1959. More than 90% of Raytheon's revenues were obtained from military contracts and, as of 2012, it was the fifth-largest military contractor in the world. As of 2015, it was the third-largest defense contractor in the United States by defense revenue . It was the world's largest producer of guided missiles , and

156-418: A limited liability company (LLC) may hold assets such as real estate, cars or boats. If a shareholder of a corporation is personally involved in a lawsuit or bankruptcy , these assets may be protected. A creditor of a shareholder of a Corp. or LLC cannot seize the assets of the company. However, the creditor may be able to seize ownership shares in the corporation, as they are considered a personal asset. In

234-547: A Qatari officials to influence defense purchases. In February 2020, Raytheon completed the first radar antenna array for the US Army's new missile defense radar, known as the Lower Tier Air and Missile Defense Sensor (LTAMDS), to replace the service's Patriot air and missile defense system sensor. In April 2020, the company merged with United Technologies Corporation to form Raytheon Technologies . The merged company

312-690: A Senior Member of the Board of Directors at Raytheon. He received 300 patents during his career. Originally, a Raytheon facility in Burlington, Massachusetts involved in vacuum tube development and manufacturing was named Spencer Labs after Spencer. This facility was eventually closed. Later, a new building at the Raytheon Missile Defense Center in Woburn, Massachusetts , was named in his honor. Other achievements and awards, besides

390-507: A U.S. Patent application on October 8, 1945, for a microwave cooking oven.. In 1947, the first commercially produced microwave oven was about 6 feet tall, weighed about 750 lbs, and cost about $ 5,000 (equivalent to $ 68,227 in 2023). In 1967 the first more affordable, $ 495 (equivalent to $ 4,523 in 2023), and reasonably sized (counter-top) Radarange brand microwave oven was made available for sale, produced by Amana (a division of Raytheon). Spencer became Senior Vice President and

468-410: A board of trustees appointed by the governor. The board filed a suit challenging the constitutionality of the legislation. The suit alleged that the college enjoyed the right to contract and the government changing that contract was not allowed. Chief Justice John Marshall delivered the majority opinion and affirmed that the right to contract exists between owners of private property rather than between

546-433: A broad impact, there are disputes about how those technologies and the businesses they thrive in fit under the umbrella of laws that govern regulations and taxation. In 1886 one such taxation dispute arose between Santa Clara County and Southern Pacific Railroad . The railroad thought the tax code was misapplied to some of their property and assets. In deciding the case, a unanimous court ruled that governments must abide by

624-413: A business such as loans, accounts payable, and legal judgments. In a corporation, however, shareholders , directors and officers typically are not liable for the company's debts and obligations. They are limited in liability to the amount they have invested in the corporation. For example, if a shareholder purchased $ 100 in stock, no more than $ 100 can be lost. On the other hand, a corporation (Corp.) or

702-474: A contract to build 3DELRR, a next-generation long-range radar system, for the USAF worth an estimated $ 1 billion. The contract award was immediately protested by Raytheon's competitors, Lockheed Martin and Northrop Grumman. After re-evaluating the bids following the protests, the USAF decided to delay awarding the 3DELRR EMD contract until 2017 and was to issue an amended solicitation at the end of July 2016. In 2017

780-403: A direct campaign. The articles of incorporation (also called a charter , certificate of incorporation or letters patent ) are filed with the appropriate state office, listing the purpose of the corporation, its principal place of business and the number and type of shares of stock. A registration fee is due, which is usually between $ 25 and $ 1,000, depending on the state. A corporate name

858-606: A face-to-face meeting. In the UK, the process of incorporation is generally called company formation. The United Kingdom is one of the quickest locations to incorporate, with a fully electronic process and a very fast turnaround by the national registrar of companies, the Companies House . The current Companies House record is five minutes to vet and issue a certificate of incorporation for an electronic application. There are many different types of UK companies: In Canada ,

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936-472: A few month, Raytheon began to manufacture magnetron tubes for use in radar sets, and then complete radar systems . During the war, Raytheon also pioneered the production of shipboard radar systems, particularly for submarine detection. Raytheon was also a contractor for the mass-production of miniature shock-resistant vacuum tubes used in proximity fuses . These tubes were difficult to manufacture and required rigorous attention to detail. At war's end in 1945,

1014-684: A follow-on, the RAYCOM, which was never completed. In 1954, it entered into a joint venture with Honeywell to form the Datamatic corporation. However it sold its interest to Honeywell a year later, before introduction of the DATAmatic 1000 system. In 1958, Raytheon acquired the marine electronics company Applied Electronics Company to make 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

1092-491: A government and its citizens. The case was the first case in US history that asked fundamental questions about corporate entities and the protections they enjoy; it also was a precedent-setting case in extending "individual rights" to corporations. The railroad was an expensive multi-year project that greatly changed and altered both the physical and commercial landscape of the country. As with most new technology developments that have

1170-408: A letter of intent with Raytheon for a $ 5.6 billion deal to upgrade its Patriot missile-defence shield. In 2017, Saudi Arabia signed business deals worth billions of dollars with multiple American companies, including Raytheon. In July 2019, Qatar 's Ministry of Defense committed to acquire Raytheon's NASAM and Patriot missile defense systems. The company would later be fined for paying bribes to

1248-487: A manufacturer of refrigerators and air conditioners . 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 1966, the company entered the educational publishing business with the acquisition of D.C. Heath and Company , marketing an influential physics textbook developed by

1326-472: A means to observe this evolution. While these cases may seem arbitrary and decontextualized when examined individually, when viewed successively and within historical context, a narrative emerges that offers an explanation for why such views are upheld. In 1816, the New Hampshire state legislature passed a bill intended to turn privately owned Dartmouth College into a publicly owned university with

1404-467: A regulated, high voltage direct current for radios and thus eliminate the need for expensive, short-lived batteries. In 1925, the company changed its name to Raytheon Manufacturing Company and began marketing its rectifier, under the Raytheon brand name, with commercial success. In 1928 Raytheon merged with Q.R.S. Company, an American manufacturer of electron tubes and switches, to form the successor of

1482-455: A substantial increase in sales for the company outside the United States. In an effort to establish leadership in the defense electronics business, Raytheon purchased in quick succession Dallas-based E-Systems (1995); Chrysler Corporation 's defense electronics and aircraft-modification businesses, which had previously acquired companies such as Electrospace systems (1996) (portions of these businesses were later sold to L-3 Communications ), and

1560-498: A view of corporations emerge that put them at odds with the normal working man. The election of Franklin D. Roosevelt was a manifestation of many populist sentiments the country might have felt. In 1933 a Florida case came before the court, again disputing taxation. In Liggett v. Lee the court ruled that there could be a corporate tax, essentially saying the structure of business was a justifiably discriminatory criterion for governments to consider when writing tax legislation. This

1638-461: A way to use it to influence politics and policy. In response, Massachusetts passed a law limiting corporate donations strictly to issues related to their industry. The First National Bank of Boston challenged the law on First Amendment grounds and won. First National Bank of Boston v. Bellotti allowed business to use financial speech in political causes of any nature. In 2010 amidst an outpouring of frustration and blame directed at Wall Street

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1716-510: Is a developer of missiles and related missile defense systems. These include: Two lawsuits were filed against a Raytheon Company plant in St. Petersburg, Florida , due to concern with health risks, property values, and contamination in April 2008. Raytheon was given until the end of the month to independently test whether or not the groundwater that originated from its area was contaminated. According to

1794-629: Is also heavily involved in the satellite sensor business. Much of its Space and Airborne Systems division in El Segundo , CA is devoted to this, a business it inherited from Hughes . Examples of programs include: As part of the company's growing homeland security business and strategic focus, Raytheon has teamed with other contractors to develop an Advance Spectroscopic Portal (ASP) to allow border officials to view and identify radioactive materials in vehicles and shipping containers more effectively. Raytheon also manufactures semiconductors for

1872-569: Is capable of continuing indefinitely. Its existence is not affected by the death of shareholders, directors, or officers of the corporation. Ownership in a Corp. or LLC is easily transferable to others, either in whole or in part. Some state laws are particularly corporate-friendly. For example, the transfer of ownership in a corporation incorporated in US-DE is not required to be filed or recorded. Legal opinion on corporations has evolved significantly throughout history, and Supreme Court cases provide

1950-619: Is composed of five major business divisions: Raytheon's businesses are supported by several dedicated international operations including: Raytheon Australia; Raytheon Canada Limited; operations in Japan ; Raytheon Microelectronics in Spain ; Raytheon UK (formerly Raytheon Systems Limited); and ThalesRaytheonSystems , France . In recent years, Raytheon has expanded into other fields while redefining some of its core business activities. Raytheon has identified five key 'Strategic Business Areas' where it

2028-578: Is focusing its expertise and resources: In March 2014, Thomas Kennedy was named CEO of Raytheon Company. Kennedy succeeded William H. Swanson , who was CEO since 2003. Swanson remained as Chairman through September 2014 when Kennedy became chairman as well as CEO. Other current and former members of the board of directors of Raytheon were: Vernon Clark , James E. Cartwright , John Deutch , Stephen J. Hadley , George R. Oliver, Frederic Poses, Michael Ruettgers, Ronald Skates, William Spivey, and Linda Stuntz. As of December 2014, according to filed reports,

2106-412: Is generally made up of three parts: "distinctive element", "descriptive element", and a legal ending. All corporations must have a distinctive element, and in most filing jurisdictions, a legal ending to their names. Some corporations choose not to have a descriptive element. In the name "Tiger Computers, Inc.", the word "Tiger" is the distinctive element; the word "Computers" is the descriptive element; and

2184-692: Is headquartered in Arlington, Virginia rather than UTC's base in Farmington, Connecticut . In July 2023, Raytheon Technologies renamed themselves to RTX Corporation and merged the Raytheon Intelligence & Space and Raytheon Missiles & Defense business segments to form a new Raytheon business segment. In August 2024, RTX agreed to pay a $ 200 million fine for the unauthorized export of defense technology to China, Russia, Iran, and elsewhere, to settle more than 750 violations of

2262-573: Is no longer taking on new orders, having been on the premises for 57 years. In the framework of Ground-Based Midcourse Defense , Raytheon is developing a Ground Based Interceptor (GBI) that includes a booster missile and a kinetic Exoatmospheric Kill Vehicle (EKV), along with several key radar components, such as the Sea-Based X-Band Radar (SBX) and the Upgraded Early Warning Radar (UEWR). Raytheon

2340-580: Is prevalent in Quebec, while the English system is operating in 9 provinces/territories. Percy Spencer Percy LeBaron Spencer (July 19, 1894 – September 8, 1970) was an American physicist , electrical engineer and inventor who became known as the inventor of the microwave oven . Spencer was born in Howland, Maine . Eighteen months later, Spencer's father died, and his mother soon left him in

2418-659: The Arms Export Control Act and the International Traffic in Arms Regulations , or ITAR. The company was allowed to pay only half the fine to the government and to put half of the fine toward “remedial compliance measures to strengthen RTX’s compliance program.” In 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. Company officials said

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2496-574: The Florida Department of Environmental Protection (DEP), the groundwater contained carcinogenic contaminants, including trichloroethylene , 1,4-dioxane , and vinyl chloride . The DEP also reported that the clouds contained other toxins, such as lead and toluene . In 1995, Raytheon acquired Dallas-based E-Systems, including a site in St. Petersburg, Florida, In November 1991, prior to Raytheon's acquisition, contamination had been discovered at

2574-844: The Hawker 800XP and Hawker 4000 , the Beechjet 400A , and the Premier I ; the popular King Air series of twin turboprops; and piston-engine aircraft such as the Bonanza . Its special-mission aircraft included the single-turboprop T-6A Texan II , which the United States Air Force and United States Navy had chosen as their primary training aircraft . In 1991, during the Persian Gulf War , Raytheon's Patriot missile received great international exposure, resulting in

2652-571: The Korean War . In later decades, it remained a major producer of missiles, such as the Patriot antimissile missile and the air-to-air Phoenix missile . Raytheon made a foray into computers, producing the RAYDAC computer for the U.S. Navy which became operational in 1953. "Unfortunately, the machine was technically obsolete by the time it was operational." Also in 1953, the company began work on

2730-698: The Physical Science Study Committee . Raytheon also manufactured the Apollo Guidance Computer , which was introduced that year and flew aboard all NASA Project Apollo missions. In the late 1970s, Raytheon acquired McGraw-Edison 's appliances division notable for the Speed Queen line of washers and dryers. In 1980, Raytheon acquired Beech Aircraft Corporation , a leading manufacturer of general aviation aircraft founded in 1932 by Walter H. Beech . In 1993,

2808-514: The Titanic when it sank. In the Navy he made himself an expert on radio technology: "I just got hold of a lot of textbooks and taught myself while I was standing watch at night." He also subsequently taught himself trigonometry, calculus, chemistry, physics, and metallurgy. By 1939, Barry became one of the world's leading experts in radar tube design. Spencer worked at Raytheon , a contractor for

2886-403: The U.S. Department of Defense , as the chief of the power tube division. While working at Raytheon, Spencer developed a more efficient way to manufacture magnetrons , increasing production from 100 to 2600 magnetrons per day. With his reputation and expertise, Spencer helped Raytheon win a government contract to develop and produce combat radar equipment for M.I.T.’s Radiation Laboratory . This

2964-605: The personal rapid transit (PRT) business as it terminated its PRT 2000 system due to the high cost of development and the lack of interest. During the September 11 attacks of 2001, Raytheon had an office in the South Tower of the World Trade Center on the 91st floor. Their office, being 6 floors above where United Airlines Flight 175 collided with the building, was spared from the immediate collision, but

3042-507: The "Inc." is the legal ending. The legal ending indicates that it is in fact a legal corporation and not just a business registration or partnership . Incorporated, limited , and corporation, or their respective abbreviations (Inc., Ltd., Corp.) are the possible legal endings in the US. Usually, there are also corporate bylaws which must be filed with the state. Bylaws outline a number of important administrative details such as when annual shareholder meetings will be held, who can vote and

3120-704: The Department of Electrical Engineering at the Massachusetts Institute of Technology (MIT), along with engineer and physicist Laurence K. Marshall, and scientist Charles G. Smith, founded the American Appliance Company in Cambridge, Massachusetts . Its focus, which was originally on new refrigeration technology, soon shifted to electronics . The company's first product was a gaseous ( helium ) voltage-regulator tube that

3198-678: The Distinguished Public Service Award, included membership of the Institute of Radio Engineers , Fellowship in the American Academy of Arts and Sciences , and an Honorary Doctor of Science from the University of Massachusetts , despite having no formal education. For his invention, Spencer received no royalties , but he was paid a one-time $ 2.00 gratuity from Raytheon, the same token payment

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3276-513: The E-Systems site. Soil and groundwater had been contaminated with the volatile organic compounds trichloroethylene and 1,4-Dioxane. In 2005, groundwater monitoring indicated polluted groundwater was moving into areas outside the site. According to DEP documentation, Raytheon has tested wells on its site since 1996 but had not delivered a final report; therefore, it was given a deadline on May 31, 2008, to investigate its groundwater. Contamination in

3354-565: The USAF again awarded the contract to Raytheon. In May 2015, Raytheon acquired cybersecurity firm Websense, Inc. from Vista Equity Partners for $ 1.9 billion and combined it with RCP, formerly part of its IIS segment to form Raytheon|Websense. In October 2015, Raytheon|Websense acquired Foreground Security for $ 62 million. In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from Intel Security for an undisclosed amount and renamed itself to Forcepoint. In July 2016, Poland's Defence Minister Antoni Macierewicz planned to sign

3432-405: The United States differ on a state by state basis. However, there are common pieces of information that states require to be included in the certificate of incorporation . A business purpose describes the incorporated tasks a company has to do or provide. The purpose can be general, indicating that the budding company has been formed to carry out "all lawful business" in the region. Alternatively,

3510-445: The United States, corporations can sometimes be taxed at a lower rate than individuals. Also, corporations can own shares in other corporations and receive corporate dividends 80% tax-free. There are no limits on the amount of losses a corporation may carry forward to subsequent tax years. A sole proprietorship, on the other hand, cannot claim a capital loss greater than $ 3,000 unless the owner has offsetting capital gains. A corporation

3588-502: The amount a buyer is willing to pay. An Inc. stipulates the exact number of shares the corporation is willing to authorize. It is mandatory for every corporation to have stock. If the corporation is willing to permit both preferred as well as common shares of stock, then this should have a mention in the articles of incorporation, along with the voting rights information. Generally, preferred shares provide its shareholders preferential payments of distribution of assets or dividends, in case

3666-670: The area has not affected anyone's drinking water supply or health, yet due to negative local media coverage lawsuits are being filed with claims against Raytheon citing decreases in property values. In another case, Raytheon was ordered by the Environmental Protection Agency (EPA) to treat groundwater at the Tucson Plant (acquired during the merger with Hughes) in Arizona since Raytheon used and disposed metals, chlorinated solvents , and other substances at

3744-684: The areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support services. Raytheon's electronics and defense-systems units produce air-, sea-, and land-launched missiles , aircraft radar systems, weapons sights and targeting systems, communication and battle-management systems, and satellite components. Raytheon is a developer and manufacturer of radars (including AESAs ), electro-optical sensors, and other advanced electronics systems for airborne, naval and ground based military applications. Examples include: Raytheon, often in conjunction with Boeing , Lockheed Martin or Northrop Grumman,

3822-409: The capability of radar to detect enemy aircraft. American companies were then sought by the US government to perfect and mass-produce the magnetron for ground-based, airborne, and shipborne radar systems, and, with support from the Massachusetts Institute of Technology 's Radiation Laboratory (recently formed to investigate microwave radar ), Raytheon received a contract to build the devices. Within

3900-456: The care of his aunt and uncle. His uncle then died when Spencer was just seven years old. Spencer subsequently left grammar school to earn money to support himself and his aunt. From the ages of twelve to sixteen, he worked from sunrise to sunset at a spool mill. At the later age, he discovered that a local paper mill was soon to begin using electricity, a concept little known in his rural home region, and he began learning as much as possible about

3978-528: The commercial market, but the high-powered market was solidly in the hands of larger, better-financed competitors such as Continental Electronics , General Electric and Radio Corporation of America . In 1946, the company expanded its electronics capability through acquisitions that included the Submarine Signal Company (founded in 1901), a leading manufacturer of maritime safety equipment. With its broadened capabilities, Raytheon developed

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4056-665: The company expanded its aircraft activities by adding the Hawker line of business jets by acquiring Corporate Jets Inc., the business jet product line of British Aerospace (now BAE Systems ). These two entities were merged in 1994 to become the Raytheon Aircraft Company. In the first quarter of 2007 Raytheon sold its aircraft operations, which subsequently operated as Hawker Beechcraft , and since 2014 have been units of Textron Aviation . The product line of Raytheon's aircraft subsidiary included business jets such as

4134-572: The company had built about 80 percent of all magnetrons. Raytheon ranked 71st among U.S. corporations in the value of World War II military production contracts. 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. During the post-war years, Raytheon also made generally low- to medium-powered radio and television transmitters and related equipment for

4212-413: The company made to all inventors on its payroll at that time for company patents. Spencer and his wife, Louise, had three children: John, James, and George. He counted Vannevar Bush , Omar Bradley , William Redington Hewlett and David Packard as friends. Later, he married Lillian Ottenheimer on November 18, 1960. Raytheon Integrated Defense Systems , which deals extensively in radar systems, named

4290-423: The company shuts down its operations. A lot of small business owners only allow shares of common stock. There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of

4368-466: The defense portion of Delco Electronics (Delco Systems Operations), and Magnavox Electronic Systems . Raytheon also divested itself of several nondefense businesses in the 1990s, including Amana Refrigeration , Raytheon Commercial Laundry (purchased by Bain Capital 's Alliance Laundry Systems ), and Seismograph Service Ltd (sold to Schlumberger - Geco-Prakla ). On October 12, 1999, Raytheon exited

4446-422: The defense unit of Texas Instruments , Defense Systems & Electronics Group (1997). Also in 1997, Raytheon acquired the aerospace and defense business of Hughes Aircraft Company from Hughes Electronics Corporation , a subsidiary of General Motors , which included a number of product lines previously purchased by Hughes Electronics, including the former General Dynamics missile business (Pomona facility),

4524-556: The electronics industry in sites in the US and UK. In the late 20th century it produced a wide range of integrated circuits and other components, but as of 2003 its US semiconductor business specializes in gallium arsenide (GaAs) components for radio communications as well as infrared detectors . It is also making efforts to develop gallium nitride (GaN) components for next-generation radars and radios. The UK arm specialized in CMOS on silicon carbide (SiC) development and foundry work but

4602-411: The final say with regards to the name chosen for the company. The name should not deceive or mislead consumers. Registered agents are responsible for receiving all legal and tax documentation on behalf of the corporation. Share per value refers to the stated minimum value and generally doesn't correspond to the actual share value. In reality, the value of a share is based on its fair market value or

4680-474: The first guidance system for a missile that could intercept a flying target. In 1948, Charles Francis Adams IV was appointed president of the company and served until 1960. In 1948, Raytheon began to manufacture guided missiles . In 1950, its Lark became the first such missile to destroy a target aircraft in flight. Raytheon then received military contracts to develop the air-to-air Sparrow and ground-to-air Hawk missiles, projects that received impetus from

4758-402: The issue of corporate contributions came before the court again. In Citizens United v. FEC the court said there was virtually no distinction between monetary contributions and political speech, and because we do not limit political speech unless it is tantamount to bribery, corporations have the right as people to donate unlimited amounts of money to any political cause so long as it is not to

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4836-471: The kettle to observe. Spencer then created the first true microwave oven by attaching a high-density electromagnetic field generator to an enclosed metal box. The magnetron emitted microwaves into the metal box blocking any escape and allowing for controlled and safe experimentation. He then placed various food items in the box, while observing the effects and monitoring temperatures. There are no credible primary sources that verify this story. Raytheon filed

4914-535: The manner in which shareholders will be notified if there is need for an additional "special" meeting. Corporations can only deduct net operating losses going back two years and forward 20 years. Assuming a corporation has not sold stock to the public, conducting corporate business is straightforward. Often, it amounts to recording key corporate decisions (for example, borrowing money or buying real estate) and holding an annual meeting. These formalities can often be supplanted by written agreement and do not usually need

4992-462: The misconduct mostly occurred before 2020 and pledged to improve its compliance programs. For the fiscal year 2017, Raytheon reported earnings of US$ 2.024 billion, with an annual revenue of US$ 25.348 billion, an increase of 5.1% over the previous fiscal cycle. Raytheon's shares traded at over $ 164 per share, and its market capitalization was valued at over US$ 51.7 billion in November 2018. Raytheon

5070-400: The phenomenon. When he applied to work at the mill, he was one of three people hired to install electricity in the plant, despite never having received any formal training in electrical engineering or even finishing grammar school. At the age of 18, Spencer decided to join the U.S. Navy . He had become interested in wireless communications after learning about the wireless operators aboard

5148-431: The plant since 1951. The EPA further required the installation and operation of an oxidation process system to treat the solvents and make the water safe to drink. Incorporation (business) Incorporation is the formation of a new corporation . The corporation may be a business , a nonprofit organization , sports club , or a local government of a new city or town . Specific incorporation requirements in

5226-762: The process of incorporation can be done either at the federal or provincial level. Companies which incorporate with the federal government will generally need to register extra-provincially in the province that they elect to do business. Similarly, a provincial corporation may need to register extra-provincially if they are to have offices outside of their home province. Incorporated Canadian companies can generally use either Corp., Corporation, Inc., Incorporated, Incorporée, Limited, Limitée, Ltd., Ltée, Société par actions de régime fédéral, and S.A.R.F in their name, but this may vary from province to province. Note that there are two government structures operating within Canada. French system

5304-455: The purpose can be specific, furnishing a more detailed explanation of the products and/or services to be offered by their company. The chosen name should be followed with a corporate identifier such as "Corp.", "Inc.", or "Co.". A preliminary name availability search is advisable prior to the submission of the Articles of Incorporation. In the case of online incorporation, the state will have

5382-575: The same name, Raytheon Manufacturing Company. By the 1930s, it had already grown to become one of the world's largest vacuum tube manufacturing companies. In 1933 it diversified by acquiring Acme-Delta Company, a producer of transformers , power equipment, and electronic auto parts . Early in World War II , physicists in the United Kingdom invented the magnetron , a specialized microwave -generating electron tube that markedly improved

5460-423: The same tax code enforcement for individuals that it did for corporations. While not explicitly stated in the case, it was implied that this case extended equal protection rights to corporations under the 14th amendment . The booming economy the railroad corporations helped build from the late 19th into the early 20th centuries came to a screeching halt in 1929. The Great Depression , as it came to be known, helped

5538-565: The same year, it changed its name to Raytheon Company . In the 1950s, Raytheon began manufacturing transistors , including the CK722 , priced and marketed to hobbyists. In 1961, the British electronics company A.C. Cossor merged with Raytheon, following its sale by Philips . The new company's name was Raytheon Cossor. The Cossor side of the organisation was still in the Raytheon group in 2010. In 1965, it acquired Amana Refrigeration , Inc.,

5616-407: The top ten institutional shareholders of Raytheon are Wellington Management Company , Vanguard Group , State Street Corporation , Barrow, Hanley, Mewhinney & Strauss, BlackRock Institutional Trust Company, BlackRock Advisors, Bank of America , Bank of New York Mellon , Deutsche Bank and Macquarie Group . Raytheon provides electronics, mission systems integration and other capabilities in

5694-415: Was a unique ruling handed down during a unique time in US history that denied a corporation freedom it sought in the courtroom. From 1940 to 1990 the percent of total GDP made up by financial service professionals increased by 300%. Along with that growth there was a growth in the profits this industry experienced as well. As the disposable income of banks and other financial institutions rose, they sought

5772-428: Was based on Charles Smith's earlier astronomical research of the star Zeta Puppis . The electron tube was christened with the name Raytheon (a compound of Old French and Greek meaning 'light from the gods') and was used in a battery eliminator , a type of radio-receiver power supply that plugged into the power grid in place of large batteries . This made it possible to convert household alternating current to

5850-440: Was involved in corporate and special-mission aircraft until early 2007. In 2018, the company had around 67,000 employees worldwide and annual revenues of about US$ 25.35 billion. Over the years, Raytheon shifted its headquarters among various Massachusetts locations: Cambridge from 1922 to 1928; Newton until 1941; Waltham until 1961; and finally, Lexington until 2003. In 1922, Vannevar Bush , scientist and professor in

5928-399: Was not the first to notice this phenomenon, but he was the first to investigate it. He decided to experiment using food, including popcorn kernels, which became the world's first microwaved popcorn. In another experiment, an egg was placed in a tea kettle , and the magnetron was placed directly above it. The result was the egg exploding in the face of one of his co-workers, who was looking in

6006-643: Was of huge importance to the Allies of World War II and became the military's second-highest priority project during World War II, behind the Manhattan Project . For his work, he was awarded the Distinguished Public Service Award by the U.S. Navy . The legend is that one day while building magnetrons, Spencer was standing in front of an active radar set when he noticed the candy bar he had in his pocket melted. Spencer

6084-483: Was utterly destroyed in the subsequent collapse of the South Tower. In November 2007, Raytheon purchased Sarcos for an undisclosed sum, seeking to expand into robotics research and production. In September 2009, Raytheon purchased Bolt Beranek and Newman Inc. as a wholly owned subsidiary. In December 2010, Applied Signal Technology agreed to be acquired by Raytheon for $ 490 million. In October 2014, Raytheon beat rivals Lockheed Martin and Northrop Grumman for

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