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Raytheon Technologies

668 bytes added, 17:49, December 13, 2022
add info on formation and operations
'''Raytheon Technologies Corporation''' is a [[United States]] [[military-industrial complex]] defense contractor, one of the largest in the world. As with many defense contractors, it is headquartered in the Washington DC suburbs, specifically Arlington, Virginia.
The company was formed in 2020 by the merger of '''Raytheon Corporation''' and '''United Technologies''' (prior to the merger, United spun-off its non-aerospace holdings into separate publicly-traded firms). It operates under four segments:
*Rockwell Collins (previously part of United)
*Pratt & Whitney (previously part of United); this segment is one of three companies which manufacture the majority of airplane engines
*Raytheon Intelligence & Space
*Raytheon Missiles & Defense
 
==Controversies==
===Partnership with LGBTQ+ Community===
Raytheon is a partner with the National Gay and Lesbian Chamber of Commerce.
===Iraq war===
{{See also|Iraq war}}
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]] 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>
===Afghan war===
{{See also|Afghan war}}
''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:''
{{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>}}
===NATO war in Ukraine===
{{See also|NATO war in Ukraine}}
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