All about Raytheon Technologies

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From this article you will learn:

  1. What Raytheon Technologies is;
  2. What the company's prospects are;
  3. Whether it is worth buying shares of Raytheon Technologies on the stock market

Brief History of Raytheon Technologies

Raytheon was founded as far back as 1922 by two people, namely Vannevar Bush, who received a B.S. in electrical engineering from the prestigious MIT.

The second key person was Lawrence C. Marshall. Lawrence prior to founding Raytheon worked for American Appliance Company where he was involved in electric heating appliances. Lawrence was also a born entrepreneur. Amidst the rapid technological development, Lawrence began to realize that there was a lot of money to be made from new technologies.

There are many interesting moments in the history of the company. In just 11 years, Raytheon Technologies went from a startup to one of the world's largest manufacturers of electronic lamps. During World War II, the company produced the main component for radar and many other equipment that eventually allowed the company to increase its profits 56 times during World War II, namely from $3 million to $168 million. In the following years the company became famous for the development of a weapon system working on the principle of "shoot and forget". It was a revolutionary concept at the time and even more revolutionary was putting it into practice.

Further, Raytheon Technologies changed its revenue structure by acquiring non-defense related companies and thanks to this it was able to reduce its dependence on government contracts. Thanks to this policy, the share of government contracts decreased from 85% to about.

Raytheon Technologies was also actively involved in the Apollo program. For the past 30 years, the company has been expanding its military product line and, after its merger with United Technologies in April 2020, has become the second largest military aircraft manufacturer in the United States in terms of output.

For our review on Raytheon Technologies, the following conclusion can be drawn from the company's history: the company has always been very dynamic and successful in conquering markets.

In the last couple of years, the company's reputation has suffered somewhat due to lawsuits by current and past employees. The essence of all the allegations can be summarized into the following points:

  • Manipulation of financial statements;
  • Failure to criticize the company's employees regarding some projects;
  • Allegations of defrauding the U.S. Navy.

But it should be said that these accusations did not have a global impact on the perception of the company, its profits and image. In general, the company's stock is not volatile and the price has been in the range of 80-100 dollars for several years. Product sales have grown from $43.3 billion in 2020 to $50.7 billion 2 2022. Service sales have also grown from $13.2bn in 2020 to $16.3$bn in 2022. Also noteworthy is the significant increase in net income from $3.5bn in 2020 to $5.1bn in 2022.

Is it worth buying shares of Raytheon Technologies on the stock market right now?

Over the last couple of years, the company's reputation has suffered somewhat due to lawsuits from current and past employees. The gist of all the allegations can be summarized into the following points:

  • Manipulation of financial statements;
  • Failure to criticize the company's employees regarding some projects;
  • Allegations of defrauding the U.S. Navy.

But it should be said that these accusations did not have a global impact on the perception of the company, its profits and image. In general, the company's stock is not volatile and the price has been in the range of 80-100 dollars for several years. Product sales have grown from $43.3 billion in 2020 to $50.7 billion 2 2022. Service sales have also grown from $13.2bn in 2020 to $16.3$bn in 2022. Also noteworthy is the significant increase in net income from $3.5bn in 2020 to $5.1bn in 2022.

Raytheon Technologies Project Structure

As you know, Raytheon Technologies is involved in several important projects in the F-35 Joint Strike Fighter program. In particular, the company develops and manufactures radars for this aircraft.

Also a very famous project of the company is the Patriot air and missile defense system, which has gained additional popularity due to the global geopolitical situation. The company also has less significant projects, in particular, the production of electronic warfare, air-to-air missiles. Raytheon Technologies also works in the field of cyber security.

Analysts' forecasts for Raytheon Technologies stock price

In general, consensus forecasts from experts of Investing, Wall Street Zen and others are positive. Reputable analysts expect further increases in both share price and dividends.

Jonathan Rowe

Jonathan Rowe

The creator and main author of the site is Jonathan Rowe. Trader and investor with many years of experience. A graduate of the Massachusetts Institute of Technology with over a decade of experience developing applications for financial and investment institutions.

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