Raytheon

Profile

Summary

Raytheon is a major missile manufacturer. Founded in 1922, it makes Patriot & Tomahawk missiles, the GBU- 28, a 5,000-pound “bunker buster” bomb as well as sensors and radars used on drone aircraft. Its weapons have been used in Afghanistan, Brazil, Iraq, Pakistan, Palestine and Yemen. Multiple Saudi-led attacks on Yemeni civilians have been tied to Raytheon’s weapons. In September 2016, for instance, an airstrike killed 15 members of the same family, including 12 children. The shrapnel was later identified as belonging to Raytheon. The company’s “bunker buster” bombs were also used by the Israeli military to target the homes of Palestinian civilians in Gaza in 2014.

Products

Aerospace, Defense, Electronics, Information security

Violations

TOP 5 OFFENSE GROUPS (GROUPS DEFINED)PENALTY TOTALNUMBER OF RECORDS
competition-related offenses$180,221,5008
employment-related offenses$75,864,38335
government-contracting-related offenses$65,529,3307
environment-related offenses$13,399,32236
financial offenses$12,000,0001

(June 9, 2023)

Number of Records
129
Total Penalties
$349,201,470 (June 9, 2023)
Individual Records & Summaries
Raytheon Violation Tracker
Information in this section is drawn from the Violation Tracker database produced by the Corporate Research Project of Good Jobs First in Washington DC. It is the most comprehensive source of data on business violations of laws and regulations in the United States. For specific examples of misconduct, please click on the links.

Stories

Article Archive

15 people arrested during peaceful 'free Palestine' protest in Louisville

Published by
WHAS 11
|
By
Sarah Magin
|

Louisville Metro police arrested 15 people Friday morning who were calling for a ceasefire in Gaza.

Members of the Louisville Ceasefire Coalition protested in front of RTX/Raytheon on Strawberry Lane and BAE Systems on Southside and Rochester, both near the Louisville Airport. 

Read more

How Biden’s Foreign-Policy Team Got Rich

Published by
The American Prospect
|
By
Jonathan Guyer
|

They had been public servants their whole careers. But when Hillary Clinton lost the 2016 election, two departing Obama officials were anxious for work. Trump’s win had caught them by surprise.

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Ukraine conflict a boon for defense industry

Published by
The Hill
|
By
Karl Evers-Hillstrom & Ellen Mitchell
|

The Russia-Ukraine conflict is a boon for American defense contractors, which are in line to profit from increased Western military spending to bolster Kyiv’s forces and adapt to instability in the region.

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Defense Stocks Soar as Trump Wages War on Syria

Published by
The Real News Network
|
By
William K. Black
|

Defense company stocks, such as those of Raytheon, Northrup Grumman, and Boeing, rose to unprecedented levels since the beginning of the year because of Tomahawk strikes on Syria and massive arms sales to the Middle East and to the Pentagon.

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The "Patriots" at Raytheon

Published by
Multinational Monitor
|
By
Jim Donahue
|

Raytheon Corporation has recently become known throughout the United States as an outstanding defender of democracy thanks to its Patriot missile, which has attracted so much media attention for its role in the Persian Gulf War.

Read more
Videos & Podcasts
USA: Raytheon Employee Speaks on War in Yemen! Laughs at Protesters
UK: The Scottish Resistance protest against Raytheon
USA: Raytheon Protest
Ireland: Raytheon 9 Trial Protest
USA: 5 Arrested During Protest At Raytheon Building In Cambridge
From Arizona to Yemen: How Bombs Built by Raytheon in Tucson Killed 31 Civilians in Yemeni Village

 

USA: Protestors gather at Raytheon with goal of prohibiting nuclear weapons
USA: Block the Sale! Stop $650 million in Raytheon Missiles to Saudi Arabia
USA: Protesting Raytheon Weapons Sales for the War in Yemen
Books
Other Key Sources
  • Business and Human Rights Resource Centre's profile on Raytheon - UK-based Business and Human Rights Resource Centre is an NGO that employs researchers on five continents who work with activists, companies and governments alike to advance human rights in business by eradicating abuse.
  • Corporate Rap Sheet on Raytheon - Corporate Rap Sheets, which detail corporate wrongdoing by some of the world's largest companies, are written by Philip Mattera, who heads the Corporate Research Project of Good Jobs First in the U.S.

Activism

Recent & Ongoing Campaigns
USA: Petition: A Greener, More Transparent Raytheon For Southern Arizona

Nicholas Hishaw | Change.org | May 16, 2023

We believe that Raytheon should invest more in sustainable projects including; elimination of untreated hazardous waste dumping, decreased fossil fuels usage for energy and investments in energy efficient utilities, investments in water conservation, and most importantly environmental reporting and transparency with organizations like the EPA Not Lobbying.

USA: ‘Huge’ Win for Code of Excellence: On-Clock Training at Raytheon Plant

International Brotherhood of Electrical Workers | May 8, 2023

More than 2,400 Raytheon Technologies missile and defense workers are getting on-the-clock training on the IBEW’s Code of Excellence program , thanks to a years-long effort by the leaders of Waltham, Mass., Local 1505 and representatives from the Second District office.

USA: As Pratt & Whitney facility nears completion, protest group looks to the future

Christian Smith | Asheville Citizen Times | December 5, 2022

A local pacifist and environmentalist group opposed to the new $650 million aerospace manufacturing center owned by Pratt & Whitney, a subsidiary of Raytheon Technologies, has begun to explore ways of blocking or exposing future projects that group organizers say contribute to the military industrial complex and climate change. The group, called Reject Raytheon Asheville, was formed Nov. 17, 2020, after Buncombe County Commissioners voted unanimously to approve a $27 million tax incentive for the manufacturing center, the group's website says.

USA: Progressive Student Alliance protests Raytheon recruitment event on campus

Katherine Mailly & Yaakov Aldrich | The Huntington News | March 15, 2023

Members of the Progressive Student Alliance, or PSA, protested a recruiting event hosted by Raytheon Technologies, a multi-billion dollar aerospace defense organization, expressing their grievances about the company’s purported unethical practices to a room full of students and industry representatives Feb. 21.

USA: Merchants of Death War Crimes Tribunal: Raytheon HQ

Code Pink | February 14, 2023

In the months leading up to the November 2023 War Crimes Tribunal, we aim to hold monthly demonstrations holding the defendants accountable.

USA: Peace Activists Occupy Roof of Raytheon Building to Protest War Profiteering

Jake Johnson | Common Dreams | March 21, 2022

Peace activists climbed atop and occupied the roof of a Raytheon facility in Cambridge, Massachusetts on Monday to protest the massive military contractor's war profiteering in Ukraine, Yemen, Palestine, and elsewhere across the globe.

UK: Liverpool rises in opposition to arms fair as legal challenge is mounted

Greg Dropkin | Open Democracy | September 10, 2021

Companies implicated in human rights violations in Afghanistan, Yemen and Gaza are due to speak and exhibit at the Europe 2021 Electronic Warfare conference next month at the city’s council flagship conference centre, Exhibition Centre Liverpool.

UK: Raytheon 9: How anti-war campaigners took on an arms factory and won

The Morning Star | June 12, 2020

Anti-arms campaigners marked 10 years this week since locals in Derry booted out a multibillion-pound weapons firm from their city in a historic victory for the anti-war movement.

USA: Activists, students protest Raytheon at Northeastern University career fair

Kelly Chan | The Huntington News | February 19, 2020

Students and members of peace or anti-war groups in Boston protested outside of Cabot Center last Friday in response to Raytheon’s appearance at Northeastern’s Spring Career Fair.

USA: Raytheon workers hold 'informational picket,' demand better benefits from corporation

Paul Tennant | Eagle Tribune | September 20, 2017

Raytheon production employees, whose contract is due to expire Saturday morning, are demanding better medical coverage from the prominent missile manufacturer.

USA: "Raytheon, shame on you," they chanted. "Children die because of you."

Leonora LaPeter Anton | Tampa Bay Times | August 24, 2012

Seventy-five protesters, many dressed in pink, gathered outside the local production plant of Raytheon on Thursday, denouncing the defense contractor for its role in drone warfare.

USA: Drone protest leads to arrest at Tucson’s Raytheon Missile Systems

The Nuclear Resister | October 3, 2011

dozen activists gathered outside of Raytheon Missile Systems in Tucson, Arizona at 7 a.m. Monday morning, October 3 to protest drone warfare and war profiteering.


Major Investigations
& Lawsuits
Yemenis sue top US defence contractors for 'aiding war crimes'

Umar A Farooq | Middle East Eye | March 3, 2023

A group of Yemeni nationals has filed a lawsuit in the US against defence contractors Raytheon, Lockheed Martin, and General Dynamics, accusing them of "aiding and abetting war crimes and extrajudicial killings" by supplying arms to the Saudi-led coalition's war in Yemen.

USA: Raytheon, Others Must Face Antitrust Case Over No-Poach Claims

Mike Leonard | Bloomberg | January 23, 2023

Raytheon Technologies Corp.'s Pratt & Whitney unit and five other aerospace manufacturers lost their bid to end antitrust litigation over their alleged pact pledging to refrain from recruiting one another’s jet propulsion engineers.

USA: Tucson mainstay Raytheon loses appeal over lobbying costs

David Wichner | Tucson.com | January 12, 2023

Defense contractor Raytheon could end up repaying the Pentagon millions of dollars following a federal appeals court ruling that the company overbilled the government for employee time spent on lobbying and corporate activities.

USA: Raytheon Wires $1 Million to Whistleblower Over Fake GPS Test Results for Air Force

Anthony Capaccio | Bloomberg | October 31, 2022

Raytheon Technologies Corp. has paid him $1 million after he was punished for revealing that he was instructed to submit false test results to the US Air Force on the company’s troubled ground system for GPS satellites.

USA: The Defense Industry’s Ukraine Pundits

Aditi Ramaswami & Andrew Perez | Lever News | April 12, 2022

Last week, CNN brought on former U.S. Defense Secretary Leon Panetta for his fourth recent appearance to talk, once again, about Russian President Vladimir Putin's deadly invasion of Ukraine. “I think we need to understand that there is only one thing that Putin understands, and that's force,” said Panetta on Newsroom... At no time did Panetta nor CNN mention that he’s a senior counselor at Beacon Global Strategies, a defense industry consulting firm that has reportedly represented weapons manufacturer Raytheon.

USA: Raytheon Technologies and Subsidiary Pay $515K to Settle False Claims Act Allegations

United States Department of Justice | January 11, 2021

John H. Durham, United States Attorney for the District of Connecticut, today announced that Raytheon Technologies Corporation (“RTC”) and its subsidiary, Hamilton Sundstrand Corporation (“HSC”), have entered into a civil settlement agreement...

USA: Collins Aerospace parent Raytheon discloses criminal probe over financial accounting in defense business

The Gazette | October 29, 2020

In a filing Tuesday with the U.S. Securities and Exchange Commission, the Waltham, Mass.-based company said it received a criminal subpoena from the Justice Department seeking information and documents related to financial accounting, internal controls over financial reporting and cost reporting at its missiles and defense business since 2009.

Scotland: Cash for bombs scandal as Saudi air strike that killed 40 kids linked to Scots firm given £180k of taxpayers' money

John Ferguson | Daily Record | August 19, 2018

A Sunday Mail investigation in the wake of strike that killed 51 people in Yemen reveals the extraordinary Scottish Government support given to the controversial arms firm Raytheon.

USA: Made in America: Shrapnel found in Yemen ties US bombs to string of civilian deaths over course of bloody civil war

Nima Elbagir, Salma Abdelaziz & Laura Smith-Spark | CNN | September 2018

In September 2016, an airstrike blew up a vehicle in Al-Mutama district, Al-Jawf governorate, killing 15 members of a single family including 12 children, the youngest a one-year-old boy, according to Mwatana. CNN found that the CAGE number “96214” on this piece of shrapnel belongs to Raytheon.

USA: Software that tracks people on social media created by defence firm

Ryan Gallagher | The Guardian | February 10, 2013

A video obtained by the Guardian reveals how an "extreme-scale analytics" system created by Raytheon, the world's fifth largest defence contractor, can gather vast amounts of information about people from websites including Facebook, Twitter and Foursquare.

Brazil: A wiretap worth billions: How the CIA used a satellite network, tapped the Brazilian government and assured Raytheon's victory over Thomson in the sale of radars for the Amazon

Revista Época | December 13, 2010

Brazil was the target of a joint operation by US secret services exclusively aimed at economic espionage. The CIA and the NSA, tapped the phones of the presidential palace as well as the offices of the French company Thomson, in both Rio de Janeiro and Paris. This happened during a procurement competition between Thomson and Raytheon over radars for the Brazilian government's Amazon Surveillance System.

USA: Securities and Exchange Commission (SEC) Settles With Raytheon Company, Former CEO, and Subsidiary Controller for Improper Disclosure and Accounting Practices

U.S. Securities and Exchange Commission | 2006

The Securities and Exchange Commission announced today that it has instituted settled enforcement proceedings against Raytheon Company (Raytheon), its former Chairman and CEO, Daniel P. Burnham, and the former Deputy CFO and Controller of Raytheon Aircraft Company (RAC), Aldo R. Servello.


 

Environmental Impacts
USA: Arizona AG Mayes sues 3M & Raytheon over production of 'forever chemical' PFAS

Paul Ingram | Tucson Sentinel | June 2, 2023

While Arizona wrestles with the future of its water, state Attorney General Kris Mayes filed a lawsuit against dozens of companies — including manufacturing giant 3M and the defense contractor Raytheon — for producing products containing PFAS or forever chemicals, causing "widespread" groundwater pollution.

USA: Raytheon Technologies faced repeated lawsuits for its air, soil and water contamination in the US

Njeri B. | Impaakt | May 11, 2023

Since the 1990s, Raytheon Technologies has faced over 90 lawsuits in Arizona, California and Kansas, among others, for soil and water pollution, which negatively impacts people's health.

USA: Raytheon Faces CERCLA Suit for Contamination of Indiana Site

Samantha Hawkins | Bloomberg | April 23, 2023

Raytheon Technologies Corp. and other companies should be held responsible for costs to help clean up soil and groundwater contamination at a property in Indiana, according to a lawsuit filed Thursday in federal court.

USA: Raytheon Wins Verdict in Florida Property Contamination Lawsuit

Julie Steinberg | Bloomberg | July 27, 2022

Raytheon Technologies Corp. was exonerated by a Florida federal court jury in a long-running suit by Florida property owners who alleged hazardous material from a United Technologies rocket plant contaminated their soil.

USA: Defense Contractor: Climate Change Could Create “Business Opportunities”

Jeremy Schulman | Mother Jones | August 14, 2013

Raytheon is worried about the risks of global warming. But it also thinks climate-related “security concerns” could boost demand for its military products.

USA: Raytheon Agrees to Deal with Residents

Kameel Stanley | Tampa Bay Times | June 17, 2011

A neighborhood's years-long fight with a multibillion-dollar corporation over pollution has come to an end. Residents in St. Petersburg's Azalea neighborhood reached a settlement with Raytheon Co. on Thursday, capping a battle that began in 2008, when it was revealed that a toxic plume was under the area.

USA: Environmental Protection Agency (EPA) orders Raytheon, Air Force to clean up contaminated groundwater at Tucson Airport Superfund Site

Environmental Protection Agency | July 13, 2007

The U.S. Environmental Protection Agency today ordered the Raytheon Company and the U.S. Air Force to clean up a migrating plume of contaminated groundwater at the Tucson International Airport Area Superfund Site.


Employment Practices
& Relations
USA: Judge Rules Racial Harassment and Retaliation Complaint Against Raytheon Can Proceed

Nick Welsh | Santa Barbara Independent | December 13, 2022

Raytheon Company, the defense contractor with offices in Goleta, experienced a significant procedural defeat in court this week, as Judge Colleen Sterne rejected the company’s motions in Santa Barbara County Superior Court to toss out a racial harassment and retaliation complaint filed by Marcus Greene, fire marshal for the company’s environmental services department.

Raytheon Is Target of U.S. Criminal Probe Into Hiring

Ryan Beene & David McLaughlin | Bloomberg | February 11, 2022

Raytheon Technologies Corp. is a target of a criminal investigation by the U.S. Justice Department into alleged agreements to limit hiring between its jet-engine unit and some of its suppliers, the company revealed.

USA: Rare Stock Tweak During Pandemic Adds Millions to a C.E.O.’s Potential Payout

Peter Eavis | The New York Times | June 4, 2020

Raytheon Technologies, one of the country’s biggest defense contractors, recently cut salaries for thousands of employees as the pandemic crimped business. Around the same time, it also quietly made a change to the pay package of its chief executive, Gregory J. Hayes, that could increase his future income by millions of dollars.

USA: In Raytheon merger, protect the workers

Sentinel & Enterprise | June 12, 2019

Raytheon Company, a massive U. S. defense contractor and one of Massachusetts’ largest employers, believes it’s in its best interest to forge a merger with industrial technology giant United Technologies... The companies didn’t mention if layoffs were planned, but it’s hard to imagine there aren’t some redundancies in a deal of this scale that must be eliminated.

USA: Raytheon forbids employees to access WikiLeaks website

Muhammed El-Hasan | Los Angeles Daily News | December 2, 2010

Military contractor Raytheon Space and Airborne Systems has informed employees in El Segundo that they are forbidden to access the controversial whistle-blower website WikiLeaks either on company or personal computers.

USA: Raytheon Sued Over Retirement Benefits

Brendan Pierson | Law 360 | June 27, 2007

Raytheon Co. was accused of cheating employees out of their retirement benefits in a purported class action lawsuit filed Monday by a former employee who spent nearly 30 years as an engineer for the company.

USA: International Association of Machinists (IAM) Charges Raytheon with Spying

International Association of Machinists | November 9, 2006

The Unfair Labor Practice (ULP) charges filed with the National Labor Relations Board (NLRB) claim Raytheon used minivans and security personnel to monitor employees engaged in lawful union activities and positioned security agents directly beneath a conference room for the purpose of spying on the union’s negotiating committee.

Financials

Corporate Headquarters
870 Winter Street, Waltham MA 02451-1449
Most Recent Gross Revenue
US$67.074 billion (2022) | source
Most Recent Net Revenue
US$5.197 billion (2022) | source
Stock Exchange Tickers
NYSE: TRX
Major Funders
New report: Largest European banks bankroll high-risk arms traders

PAX for Peace | Bank Track | July 12, 2022

Deutsche Bank invests almost 15 billion euro in eleven companies. The largest amount in financing by this bank goes to Boeing and Raytheon. These companies provided tens of thousands of bombs to Saudi Arabia.

New report: HSBC a ‘crucial link in the chain’ of Palestinian oppression says War on Want

War on Want | Bank Track | July 12, 2017

HSBC owns shares worth over GBP 831 million in military and technology companies such as BAE Systems, Boeing, Caterpillar and Raytheon that sell weapons and equipment to Israel. Raytheon’s “bunker buster” bombs were used by Israel to target civilian homes during its 2014 assault on Gaza...

Sixty-eight banks fuelling cluster munition producers with billions of dollars

Bank Track | March 1, 2007

Today Netwerk Vlaanderen launches its new briefing paper ‘Explosive Investments’ revealing the results of its research into the financing of six cluster munition producers like Lockheed Martin, Thales and Raytheon.


Major Shareholders

Click here for the latest list.


 
Political Influence

Open Secrets - Tracks corporate lobbying of US politicians.

Image
Open Secrets Logo

OpenSecrets.org Profile of Raytheon

 

Raytheon’s Dirty Business in Qatar

Sahar Vardi | Corruption Tracker | August 10, 2023

Between 2014 and 2017, Raytheon made a series of payments to DSS estimated at US $ 1.9 million. Allegedly, some of these payments were intended as bribes for a member of the royal family of Qatar in order to facilitate Raytheon’s interests in different arms export deals with Qatar.

USA: ‘They have massive influence.’ How Raytheon turned a potentially hard year into a good one.

Pranshu Verma | Boston Globe | January 2, 2022

Raytheon spent $12.7 million on federal lobbying in 2021, according to OpenSecrets, a government transparency nonprofit, more than any other defense contractor. At the same time, the Government Accountability Office, a watchdog agency, found in September that Raytheon employed more former Defense Department officials — roughly 315 — than any other major defense contractor.

U.S. probes Raytheon's dealings with consultant for Qatar Armed Forces - WSJ

Shreyasee Raj | Reuters | September 7, 2021

U.S. authorities are investigating whether payments by U.S. weapons maker Raytheon Technologies Corp (RTX.N) to a consultant for the Qatar Armed Forces may have been bribes intended for a member of the country's ruling royal family, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Yemen Crisis Linked to Weapons Maker Raytheon’s Influence on US Foreign Policy

Chrisana M. Panzica | Truthout | January 22, 2021

The harrowing situation in Yemen can be directly traced back to Raytheon and other weapons manufacturers’ influence on U.S. foreign policy.

USA: Biden Defense Secretary Nominee Lloyd Austin Comes Under Fire for Industry Connections

Nick Turse & Alex Emmons | The Intercept | December 8, 2020

“Raytheon manufactures the bomb components that are used in Yemen. He bears a direct responsibility,” Phyllis Bennis, who directs the New Internationalism Project at the Institute for Policy Studies, told The Intercept. “He was making money as a board member of this company that is directly responsible for the death and destruction there.”

USA: James Inhofe Under Fire Over Purchase of Raytheon Stock

Catie Edmondson | The New York Times | December 13, 2018

Senator James M. Inhofe, the chairman of the Senate Armed Services Committee, came under fire on Thursday for purchasing tens of thousands of dollars of stock in a leading defense contractor just a week after he successfully lobbied the Trump administration to increase military spending.

USA: State Department Team Led by Former Raytheon Lobbyist Pushed Mike Pompeo to Support Yemen War Because of Arms Sales

Lee Fang & Alex Emmons | The Intercept | September 21, 2018

The former lobbyist's team said a $2 billion sale of Raytheon missiles to Saudi Arabia and the United Arab Emirates could be imperiled.

UK trade department draws half its secondees from arms industry

Rob Evans | The Guardian | October 8, 2017

MBDA, the European missile-maker, has provided two secondees, and the helicopter manufacturer Leonardo, the engineering firm Babcock and the US arms companies Lockheed Martin and Raytheon have provided one each.

Scandal jeopardises Raytheon's $1.4 billion Brazilian contract

Flight Global | November 29, 1995

Raytheon's $1.4 billion contract for the SIVAM Amazon surveillance system is being jeopardised by an influence-peddling scandal, which has forced the resignations of Brazil's aeronautics minister and a presidential aide.

Subsidy Tracker
Subsidy Tracker
Subsidy Tracker is a project of Good Jobs First in Washington DC. It is the most comprehensive source of data on state and federal subsidies in the United States. For more details, click on the links.
Click here for details of subsidies received by Raytheon
Tax Havens
& Evasion
USA: All corporations want for Christmas is a $131 billion tax cut

Judd Legum | Popular Information | November 21, 2022

“We’re hoping, again, [that] we’re going to get a tax law change here at the end of the year with tax extenders which, as you know, will give us a refund of the $1.5 billion that we’ve already paid,” Raytheon CEO Gregory Hayes said during an earnings call last month. Raytheon had $3.9 billion in profits in 2021. It is projecting higher sales and profits for 2022. 

The Netherlands: Tax avoidance in the arms industry

Ahan Penkar | Journalism Fund EU | June 30, 2021

The Netherlands is an important financial centre behind the international arms trade. Research from The Investigative Desk (the Netherlands) and an Indian news outlet shows how some of the biggest arms companies in the world use the Netherlands as an intermediary to wire profits to tax havens.

US defense giants show how American capitalism fails taxpayers

Heather Timmons | Quartz | February 4, 2019

Raytheon recorded $2.9 billion in profit for the year, up more than 40% on the previous year. These companies all embarked on big share buyback programs spurred in part by the “Tax Cuts and Jobs Act” passed by the Trump administration in late 2017.

Panama: Tax evasion and weapon production

Martin Broek | Transnational Institute | May 2016

The revelations of the leaked Panama Papers in April 2016 pushed the issue of tax and tax evasion high up the international political agenda.


Major Projects
USA: Eisenhower's worst nightmare: Pentagon merger-mania is back

William D. Hartung | Insider | July 24, 2019

Raytheon, already one of the top five US defense contractors, is planning to merge with United Technologies. That company is a major contractor in its own right, producing, among other things, the engine for the F-35 combat aircraft, the most expensive Pentagon weapons program ever.

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