Running head: Raytheon Technologies 1 Raytheon Technologies Brandon Clymore ECPI University Raytheon Technologies Raytheon Technologies serves customers in the commercial aerospace and defense industries. They are a contractor style company that combines complementary technology offerings as well as world-class engineering teams to deliver innovative solutions. They support leading nonprofit causes that are shaping the next generation of purpose-driven innovators. They also are making a transformative impact on local communities around the world. History Raytheon Technologies is a large company with 195,000 employees. They also hold 40,000 patents and have about 8 billion dollars of annual company and customer funded research and development. They also boast about 74 billion in pro forma annual sales in 2019. They have 4 subsections within the business that are Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. Their goal is to define the future of aerospace and defense with ambitious technologies that push the limits of known science. Products Raytheon merged with Technologies Corp in April of 2020. They are now Raytheon Technologies. They are the one of the world’s largest aerospace and defense companies. They offer many different products and services. Their Collins Aerospace Systems branch specialized in aerostructures, avionics, interiors, mechanical systems, mission systems and power controls across commercial, regional, business aviation and military sectors. (bizjournals2020). Pratt & Whitney designs is responsible for the manufacture and services of aircraft engines and auxiliary Raytheon Technologies power systems. They offer this service to commercial, military and business aircraft. Raytheon Intelligence & Space specializes more in making advanced sensors, and training and cyber and software solutions. Raytheon Missiles & Defense offers clients solutions to detect, track and engage threats. Type of Ownership Raytheon Technologies is a corporation type of ownership. You can find Raytheon Technologies listed on NYSE in the stock exchange. Their current stock price is at $61.17 per share. This is down from a few months ago. Their 52-week high is $158.44 per share. Social Responsibility Raytheon Technologies is very involved in supporting nonprofit causes and is trying to shape the next generation of purpose-driven innovators. They want to make a transformative impact on local communities around the world. They support educational initiatives that inspire the next generation of scientists, engineers, and business professionals. The company also prides itself on its investments in organizations that serve veterans, military families and an array of social welfare needs. They want to improve the communities in which they live and work. They also foster an environment where everyone can feel included and have a purpose to thrive and succeed. Conclusion I personally would not use Raytheon Technologies products as they are more involved in big defense contracts. I would however suggest them to anyone that could use them as their resource for defense. I would love to work for this company as I have a close friend working for them, I believe in what they are trying to accomplish, and they are very successful. The success Raytheon Technologies of Raytheon Technologies will continue to grow because their business is always in need and they make smart decisions when it comes to merging and how they grow the company. Raytheon Technologies References (n.d.). Retrieved September 08, 2020, from https://www.bizjournals.com/washington/news/2020/04/03/raytheon-completes-merger-withunited-technologies.html Migliano, S. (2020, June 10). What Is a VPN? 5 Reasons You Need a Virtual Private Network. Retrieved September 03, 2020, from https://www.top10vpn.com/guides/what-isvpn/?bsid=g0se1kw005
