Difference between revisions of "Raytheon"

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'''Raytheon''' is a [[United States]] [[military-industrial complex]] defense contractor.
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#REDIRECT[[RTX Corporation]]
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Raytheon is a partner with the National Gay and Lesbian Chamber of Commerce.
 
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==Iraq war==
 
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{{See also|Iraq war}}
 
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In 2003, the widow of a Navy pilot sued Raytheon in the wrongful death of her husband by so-called "[[friendly fire]]". On April 2, a U.S. F/A-18 fighter aircraft was shot down by a [[U.S. Patriot missile]] in west of Karbala, [[Iraq]], killing [[U.S. Navy]] pilot Lieutenant Nathan Dennis White of VFA-195, Carrier Air Wing Five.<ref>[http://www.aviationtoday.com/pressreleases/8587.html Widow of U.S. Naval Pilot Shot Down by Friendly Fire in Iraq Sues Raytheon Company for Wrongful Death]</ref>
 
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==Afghan war==
 
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{{See also|Afghan war}}
 
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''The Intercept''‘s Jon Schwarz examined returns on stocks of the five biggest defense contractors: [[Boeing]], Raytheon, [[Lockheed Martin]], [[Northrop Grumman]], and General Dynamics.  Schwarz found that a $10,000 investment in stock evenly split across those five companies on the day in 2001 that then-President [[George W. Bush]] signed the authorization preceding the US invasion would be worth $97,295 this week, not adjusted for inflation, taxes, or fees.  According to ''The Intercept:''
 
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{{quotebox-float|"This is a far greater return than was available in the overall [[stock market]] over the same period. $10,000 invested in an [[S&P 500]] index fund on September 18, 2001, would now be worth $61,613.  That is, defense stocks outperformed the stock market overall by 58% during the Afghanistan War."<ref>https://theintercept.com/2021/08/16/afghanistan-war-defense-stocks/</ref>}}
 
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==NATO war in Ukraine==
 
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{{See also|NATO war in Ukraine}}
 
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The [[Atlantic Council]] was pushing to ramp up the proxy war between Russian speaking Ukrainians and Ukrainian nationalist. In 2015 the Atlantic Council helped prepare a proposal for arming the Ukrainian military with offensive weaponry like Javelin anti-tank missiles. The Atlantic Council has been funded by the two manufacturers of the Javelin missile system, Raytheon and [[Lockheed Martin]].  This created an appearance of a [[conflict of interest]]. The think tank in fact presented its Distinguished Business Leadership Award to Lockheed CEO Marillyn Hewson that same year.
 
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[[Lloyd Austin]] was appointed defense minister of the [[Biden junta]] in 2021. He previously served on the Board of Raytheon prior to rejoining the [[civil service system]].<ref>https://www.washingtonexaminer.com/opinion/biden-embraces-the-military-industrial-complex-over-civilian-control</ref>  Within 3 weeks of occupying the position of defense chief, Raytheon was awarded a $49 million contract by the [[Pentagon]].<ref>https://bigleaguepolitics.com/raytheon-awarded-49-million-dod-contract-weeks-after-former-board-member-lloyd-austin-confirmed-as-defense-secretary/</ref>  Austin walked away from Raytheon weeks earlier with a $1.7 million bonus and retirement package.<ref>https://www.bloomberg.com/news/articles/2021-01-10/biden-defense-pick-to-get-up-to-1-7-million-from-raytheon-role</ref>
 
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Former [[Warsaw Pact]] members which had joined [[NATO]] sent their old [[Soviet]]-era junk to [[Ukraine]], not out of fear of Russia or [[Vladimir Putin]], but in exchange for new U.S. taxpayer-funded replacement equipment.  The exchange of equipment kept Raytheon and other defense contractors employed, as well as Congressional funds flowing for upgrades and development of new weapons systems.  Likewise Raytheon [[lobbyist]]s in turn [[kickback]] donations out of the funds received from government contracts to members of congress' campaign committees.
 
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==References==
 
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{{ref}}
 
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[[Category:Industry]]
 
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[[Category:Technology]][[Category:Military]]
 
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[[Category:American Companies]]
 

Latest revision as of 05:02, March 11, 2026

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