OverviewSuggest Edit

Raytheon is a global company that specializes in defense, security, and civil markets. It operates in five segments: Integrated Defense Systems; Intelligence, Information and Services; Missile Systems; Space and Airborne Systems; and Forcepoint. The company provides electronics, mission systems integration, and other solutions in its core markets: integrated air and missile defense, electronic warfare, command, control, communications, computers, cyber, intelligence, surveillance and reconnaissance, and space systems. Raytheon serves domestic and international customers primarily as a prime contractor or subcontractor on a broad portfolio of defense and related programs for government customers. The company merged with United Technologies to form Raytheon Technologies.
StateClosed
TypePublic
Founded1922
HQWaltham, MA, US
Websiteraytheon.com
Employee Ratings3.7
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)70,000(+5%)
Revenue (FY, 2019)$29.2 B(+8%)
Share Price (Apr 2020)$117
Cybersecurity ratingBMore

Key People/Management at Raytheon

Michael Ward

Michael Ward

Managing Director
Wesley D. Kremer

Wesley D. Kremer

President
Gregory J. Hayes

Gregory J. Hayes

Chief Executive Officer
Sam MacMillan

Sam MacMillan

Chief Financial Officer, Raytheon Australia
Mona Bates

Mona Bates

Vice President, Digital Technology
Heather Asbell

Heather Asbell

Vice President, Finance
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Raytheon Office Locations

Raytheon has offices in Waltham, Arlington, Charlotte, East Hartford and in 28 other locations
Waltham, MA, US (HQ)
870 Winter St
Arlington, VA, US
1100 Wilson Blvd
Charlotte, NC, US
2730 W Tyvola Rd
East Hartford, CT, US
400 Main St
Tucson, AZ, US
1151 E Hermans Rd
Windsor Locks, CT, US
1 Hamilton Rd
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Raytheon Financials and Metrics

Raytheon Revenue

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Raytheon's revenue was reported to be $29.18 b in FY, 2019 which is a 7.8% increase from the previous period.
USD

Revenue (FY, 2019)

29.2b

Revenue growth (FY, 2018 - FY, 2019), %

7.8%

Gross profit (FY, 2019)

7.8b

Gross profit margin (FY, 2019), %

26.6%

Net income (FY, 2019)

3.3b

EBIT (FY, 2019)

4.8b

Market capitalization (3-Apr-2020)

32.6b

Closing stock price (3-Apr-2020)

117.0

Cash (31-Dec-2019)

4.3b

EV

33.7b
Raytheon's current market capitalization is $32.6 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

25.3b27.1b29.2b

Revenue growth, %

5%7%8%

Cost of goods sold

19.1b19.6b21.4b

Gross profit

6.3b7.5b7.8b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

6.3b6.6b6.8b6.7b7.2b7.4b

Cost of goods sold

4.5b5.5b4.0b4.9b5.2b5.5b

Gross profit

1.7b1.1b2.8b1.9b2.0b1.9b

Gross profit Margin, %

28%17%42%28%27%26%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

3.1b3.6b4.3b

Accounts Receivable

1.3b1.6b1.4b

Prepaid Expenses

761.0m528.0m633.0m

Inventories

594.0m758.0m671.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

2.7b3.1b2.1b2.1b2.2b2.6b

Accounts Receivable

1.6b1.3b1.5b1.4b1.6b1.5b

Prepaid Expenses

489.0m537.0m516.0m586.0m684.0m610.0m

Inventories

640.0m725.0m804.0m882.0m932.0m802.0m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

2.0b2.9b3.3b

Depreciation and Amortization

550.0m568.0m605.0m

Inventories

14.0m(166.0m)87.0m

Accounts Payable

(94.0m)406.0m(168.0m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

623.0m1.4b2.1b775.0m1.6b2.4b

Depreciation and Amortization

135.0m274.0m417.0m140.0m291.0m446.0m

Inventories

(46.0m)(133.0m)(212.0m)(124.0m)(174.0m)(44.0m)

Accounts Payable

(167.0m)(73.0m)(64.0m)(484.0m)(502.0m)(419.0m)
USDFY, 2017

EV/EBIT

17 x

EV/CFO

20.5 x

Revenue/Employee

396.1k

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

3.1 x

P/E Ratio

26.8
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Raytheon Operating Metrics

Raytheon's Backlog was reported to be $48.8b in FY, 2019.
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Raytheon Acquisitions / Subsidiaries

Company NameDateDeal Size
Foreground SecurityOctober 06, 2015
ForcepointApril 18, 2015$1.9 b
Blackbird TechnologiesNovember 05, 2014$420 m
Visual AnalyticsJune 27, 2013
Raytheon Secure Information SystemsDecember 12, 2012$280 m
TeligyOctober 22, 2012
Poseidon Scientific Instruments Pty Ltd.July 01, 2012$22 m
Henggeler Computer ConsultantsDecember 29, 2011
PikewerksDecember 05, 2011
Applied Signal TechnologyDecember 20, 2010$490 m
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Raytheon Revenue Breakdown

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Raytheon revenue breakdown by business segment: 28.2% from Missile Systems, 24.0% from Space and Airborne Systems, 22.4% from Integrated Defense Systems, 23.2% from Intelligence, Information and Services and 2.1% from Other

Raytheon revenue breakdown by geographic segment: 6.1% from All other (principally Europe), 14.0% from Middle East and North Africa, 9.3% from Asia/Pacific and 70.6% from United States

Human Capital Metrics

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Raytheon Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Raytheon Online and Social Media Presence

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Raytheon Company Culture

  • Overall Culture

    A+

    82/100

  • CEO Rating

    B+

    73/100

  • Compensation

    A+

    91/100

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Raytheon News and Updates

State Department OKs Potential Raytheon Missile Sale to Japan

The State Department has approved Japan’s request to purchase rolling airframe missiles from Raytheon Technologies‘ missiles and defense business through a potential $61.5 million foreign military sales transaction

Raytheon Technologies Reports Strong Second Quarter 2021 Results; Raises 2021 Outlook

Adjusted EPS and Free Cash Flow Exceeded Expectations in Q2; Raises Adjusted EPS and Free Cash Flow and Low End of Sales Outlook for 2021; Increases Gross Merger Cost Synergy Target to $1.5 billion

Raytheon Technologies Appoints Jeff Shockey as Senior Vice President of Global Government Relations

Jeff Shockey will join Raytheon Technologies (NYSE: RTX) as senior vice president of Global Government Relations, succeeding Timothy McBride, who plans to leave the company later this year. Shockey will report to Chairman and Chief Executive Officer Gregory Hayes and serve as a member of the executi…

Raytheon Technologies Appoints Jeff Shockey as Senior Vice President of Global Government Relations

Jeff Shockey will join Raytheon Technologies (NYSE: RTX) as senior vice president of Global Government Relations, succeeding Timothy McBride, who plans to leave the company later this year. Shockey will report to Chairman and Chief Executive Officer Gregory Hayes and serve as a member of the executi…

Pratt & Whitney Canada Advances Sustainable Hybrid-Electric Propulsion Technology, Contributing to Canada's Green Recovery Plan

Pratt & Whitney Canada (P&WC), a business unit of Pratt & Whitney, a division of Raytheon Technologies Corp. (NYSE: RTX), today announced plans to advance its hybrid-electric propulsion technology and flight demonstrator program as part of a $163M CAD investment, supported by the governm…

Pratt & Whitney Selects East Hartford Campus to Launch the Office of the Future Initiative

Pratt & Whitney today announced plans to make technology and design upgrades to its East Hartford campus in order to improve flexibility for local employees. These improvements will allow office employees greater opportunity to work remotely, while also providing collaboration space so they can …
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Raytheon Frequently Asked Questions

  • When was Raytheon founded?

    Raytheon was founded in 1922.

  • Who are Raytheon key executives?

    Raytheon's key executives are Michael Ward, Wesley D. Kremer and Gregory J. Hayes.

  • How many employees does Raytheon have?

    Raytheon has 70,000 employees.

  • What is Raytheon revenue?

    Latest Raytheon annual revenue is $29.2 b.

  • What is Raytheon revenue per employee?

    Latest Raytheon revenue per employee is $416.8 k.

  • Who are Raytheon competitors?

    Competitors of Raytheon include Chemring Group, Huntington Ingalls Industries and Parsons.

  • Where is Raytheon headquarters?

    Raytheon headquarters is located at 870 Winter St, Waltham.

  • Where are Raytheon offices?

    Raytheon has offices in Waltham, Arlington, Charlotte, East Hartford and in 28 other locations.

  • How many offices does Raytheon have?

    Raytheon has 32 offices.