Raytheon

Profile

Summary

Raytheon is a major missile manufacturer.  Founded in 1922, it makes Patriot & Tomahawk missiles and the GBU- 28, a 5,000-pound "bunker buster" bomb. In addition to missiles, Raytheon also builds sensors and radars used on drone aircraft used in Afghanistan, Iraq, Pakistan and Yemen. E-Systems, now a Raytheon subsidiary, won a contract to maintain planes for the U.S.-funded Operation Condor to monitor drug trafficking in the Mexican state of Sinaloa in the mid-1970s. A 1985 U.S. congressional study found that the contract was ''a shambles ... There are no adequate records to indicate how the funds have been and are being spent.'' The study also cited incidents of planes being used for joy rides.

 

Products

Aerospace, Defense, Electronics, Information security

Violations

Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
competition-related offenses$180,236,5009
government-contracting-related offenses$65,529,3307
employment-related offenses$19,920,87435
environment-related offenses$12,770,75630
financial offenses$12,000,0001

(April 16, 2021)

Number of Records
125
Total Penalties
$292,672,154 (April 16, 2021)
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

Raytheon must face $1 bln whistleblower lawsuit -US appeals court

Published by
Jonathan Stempel
|

By

3 Min Read

March 7 (Reuters) - A U.S. appeals court on Monday revived a $1 billion lawsuit accusing defense contractor Raytheon Co of fraudulently overbilling the federal government under a contract to develop a weather sensor for a costly environmental satellite system.

Read more
Videos & Podcasts
Raytheon Employee Speaks on War in Yemen! Laughs at Protesters
The Scottish Resistance protest against Raytheon
Raytheon Protest
Raytheon 9 Trial Protest

 

Books
  • The Creative Ordeal: The Story of Raytheon by Otto J. Scott (Atheneum, Janurary 1974).

Activism

Recent & Ongoing Campaigns
Activists, students protest Raytheon at NU 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.

"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.

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
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 TECHONLOGIES CORPORATION (“RTC”) and its subsidiary, HAMILTON SUNDSTRAND CORPORATION (“HSC”), have entered into a civil settlement agreement ...

Raytheon discloses DOJ probe

Zachary Vasile | The Journal Inquirer | Oct 30, 2020

The U.S. Department of Justice is requesting access to 11 years’ worth of records as part of a criminal investigation of Raytheon Technologies Corp.

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

Hartford Courant | The Gazette | October 29, 2020

Shares of Raytheon Technologies Corp., parent company of Collins Aerospace, Cedar Rapids's largest employer, fell nearly 7.5 percent Wednesday after the defense and aviation giant disclosed that its financial accounting is being investigated by the U.S. Department of Justice in a criminal probe.

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.

Employment Practices
Raytheon engineer arrested for taking US missile defense data to China

Catalin Cimpanu | ZDNet | February 2, 2020

The FBI arrested a Raytheon employee last week for taking a work laptop with information about US missile defense systems to China despite his employer's warnings -- and by doing so breaking arms and weapons export laws.

Raytheon accuses former employee of theft of trade secrets

Barker / Cook | August 23, 2018

Upon choosing to turn in a letter of resignation, companies in Florida and elsewhere may expect an employee to turn over any sensitive materials before accepting a position with a competitor.

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.

Financials

Corporate Headquarters
870 WINTER STREET, WALTHAM MA 02451-1449
Most Recent Gross Revenue
$29.176 billion (2019) | source
Most Recent Net Revenue
$3.343 billion (2019) | source
Stock Exchange Tickers
NYSE: TRX
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
Major Projects

Raytheon projects.

* indicates required