Raytheon Logo – The company Raytheon is an industrial corporation and one of the defense contractors greatest military the United States. Created in 1922, the company adopted its present name in 1959. It has about 75,000 employees worldwide and annual revenues of approximately 25 billion dollars. Over 90% of profits come from Raytheon defense contracts in 2007 was the fifth defense contractor in the world and the fourth largest in the United States for profit. Raytheon is the largest producer of guided missiles in the world.
Raytheon’s headquarters was moved to Lexington, Massachusetts to Waltham, Massachusetts on October 27, 2003. The company was located in Cambridge, Massachusetts from 1922 to 1928, Newton, Massachusetts from 1928 to 1941, Waltham from 1941 to 1961, Lexington from 1961 to 2003 and back to Waltham from 2003 to the present.
In 1922, two former roommates engineering students, Laurence K. Marshall and Vannevar Bush, along with scientist Charles G. Smith founded the American Appliance Company in Cambridge, Massaschusetts. Originally focused on cooling technologies, soon changed to electronics. The company’s first product was a helium gas rectifier, which was based on the research of Charles Smith of the star Zeta Puppis. The electron tube was christened with the name of Raytheon (Light of the Gods).
In 1925 the company changed its name to Raytheon Manufacturing Company and began selling its rectifier under the brand name Raytheon, with great commercial success. In 1928 Raytheon merged with QRS Company, a U.S. manufacturer of electron tubes and switches, retaining its old name. In 1933 it diversified by acquiring Acme-Delta Company, a producer of transformers, power supplies and auto parts. For the 1930 and had become one of the world’s largest manufacturers of vacuum tubes.