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Raytheon Technologies

720 bytes added, 12:37, February 15, 2023
/* NATO war in Ukraine */
'''Raytheon Technologies Corporation''' is a [[United States]] [[military-industrial complex]] defense contractor, one of the five largest in not only the United States but the world. As with its fellow major 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}}
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.
[[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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