Raytheon Company, together with its subsidiaries, operates in the defense and other government markets worldwide.
The company develops integrated products, services and solutions in its core markets, such as integrated air and missile defense; electronic warfare; command, control, communications, computers, cyber, intelligence, surveillance and reconnaissance (ISR); space systems (SS); effects; and cyber. The company serves both domestic and international customers primarily as a prime contract...
Raytheon Company, together with its subsidiaries, operates in the defense and other government markets worldwide.
The company develops integrated products, services and solutions in its core markets, such as integrated air and missile defense; electronic warfare; command, control, communications, computers, cyber, intelligence, surveillance and reconnaissance (ISR); space systems (SS); effects; and cyber. The company serves both domestic and international customers primarily as a prime contractor or subcontractor on a portfolio of defense and related programs for government customers.
Business Segments
The company operates through five business segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint (Forcepoint LLC).
IDS segment
This segment provides integrated air and missile defense (IAMD) solutions; large land- and sea-based radar solutions; command, control, communications, computers, cyber and intelligence solutions; naval combat and ship electronic and sensing systems; and undersea sensing and effects solutions.
This segment delivers combat-proven performance against the complete spectrum of airborne and ballistic missile threats; and provides in the technology, development, and production of sensors and mission systems. IDS provides solutions to the U.S. Department of Defense (DoD), and approximately 50 international customers.
IDS has the following principal product lines:
IAMD
IAMD provides combat-proven air and missile defense systems, including the Patriot Air and Missile Defense system, which is the cornerstone of the air and missile defense architecture for 17 nations worldwide, including the U.S. and seven NATO nations. The National Advanced Surface-to-Air Missile System, also offered by IAMD, is an adaptable mid-range solution for any operational air defense requirement. It is deployed in the U.S. and ten other nations worldwide. IAMD was also instrumental in the company being selected to provide the U.S. Army with the Lower Tier Air and Missile Defense Sensor.
Mission Systems and Sensors (MSS)
MSS provides integrated whole-life air and missile defense systems. MSS produces systems and solutions, including early warning radar, the AN/TPY-2, the multi-function radio frequency system, and other land-based surveillance and search radars, which provide threat detection, precision tracking, discrimination and classification of ballistic missile threats. In addition, MSS provides command, control, communications, computers, cyber and intelligence solutions through the development, delivery and support of complex integrated, networked, actionable combat command and control solutions for air and land combat commanders. MSS also provides tailored capabilities to deliver air defense operations centers for integrated command and control, fire direction and weapons systems and sensors to the company’s worldwide customers. Key MSS customers include the U.S. Army and Air Force, the Missile Defense Agency (MDA), and international customers.
Seapower Capability Systems (SCS)
SCS is a provider and integrator of maritime air and missile defense radar systems, naval combat management, and anti-submarine and mine warfare systems, as well as sensors, maritime naval navigation systems, and torpedoes for the U.S. and international navies.
SCS provides the low-rate initial production Air and Missile Defense Radar units, designated as AN/SPY-6, for the U.S. Navy’s DDG 51 class of warships. SCS’s contracts with the U.S. Navy also include Enterprise Air Surveillance Radar for aircraft carriers and amphibious warfare ships, and in the anti-submarine warfare area, a new variable depth sonar solution for the littoral combat ship class. In addition, as a ship integrator for the U.S. Navy, SCS provides mission systems equipment and combat and missions system integration for various ship classes, such as DDG 1000 destroyers; LPD 17 amphibious warfare ships; and CVN 78 aircraft carriers. SCS also provides the undersea mine neutralization system known as Barracuda for the U.S. Navy.
IDS also includes the Advanced Technology product line, which executes contract research and development programs primarily with the Office of Naval Research (ONR), the Strategic Capabilities Office (SCO) and the Defense Advanced Research Projects Agency (DARPA) in advanced materials, semiconductors (such as gallium nitride), and next-generation systems (such as Flexible Digital Array Radar and Cross Domain Maritime Surveillance and Targeting), to support the company’s product lines. AT also pursues adjacent growth markets, such as undersea warfare and directed energy. In addition, IDS works with the U.S. government research labs, including ONR, MIT Lincoln Labs and DARPA.
IIS segment
This segment provides a range of technical and professional services to intelligence, defense, federal and commercial customers worldwide. IIS specializes in worldwide ISR; navigation; DoD space and weather solutions; cybersecurity; analytics; training; logistics; mission support; advanced software-based complex systems; automation and sustainment solutions; and international and domestic air traffic management (ATM) systems. Key customers include the U.S. Intelligence Community, the DoD, the Federal Aviation Administration (FAA), the National Oceanic and Atmospheric Administration (NOAA), the Department of Homeland Security, NASA, and various international customers.
During 2019, IIS won various contracts, including multi-year contracts to develop and deploy a mission-critical, advanced Cyber Security Operations Center (CSOC) and related services for a country in the Middle East and North Africa region and a low-rate initial production award to outfit the U.S. Navy’s nuclear-powered aircraft carriers and amphibious assault ships with Joint Precision Approach and Landing Systems (JPALS). In addition to these wins, IIS continued to improve its classified business in both cyber and space, receiving various major contracts. In 2019, the company acquired an additional 10% equity ownership in the Range Generation Next LLC (RGNext) joint venture, increasing its equity ownership to 60% and giving the company control of RGNext operations.
IIS has the following principal product lines:
C2, Space and Intelligence (CSI)
CSI combines space and intelligence mission support with an expanding portfolio of command and control solutions, such as large-scale data processing and exploitation, storage architectures, and data handling and processing systems, offering customers the ability to operate across every domain, sharing and exploiting data as quickly as it could be collected. CSI serves the U.S. Intelligence Community, the DoD, and civil federal agencies. In addition to various classified programs, CSI key programs include integrating commercial software methods and solutions into the U.S. Air Force’s Air and Space Operations Center and the Joint Polar Satellite System, which support multiple civil, defense and international polar-orbiting environmental satellites.
Cybersecurity and Special Missions (CSM)
CSM provides various cyber domain capabilities and advanced solutions to strengthen critical systems and support mission execution. CSM designs, implements, and integrates customized cyber products and services and quick-reaction solutions. In addition, CSM provides high-consequence special mission support for the U.S. Intelligence Community, the DoD, civil federal agencies, international governments, and commercial enterprises. The company leverages and incorporates CSM cyber capabilities across the company.
Global Training Solutions (GTS)
GTS provides integrated operational training through support for live, virtual and constructive training exercises and operations, maintenance for training and range systems, curriculum development and instruction, management oversight and administration for contractor activities, and supply support for government-owned property and material. GTS would participate in some of the planned replacement programs, however, some of the work has been awarded to other contractors. GTS also provides critical commercial training solutions through Raytheon Professional Services for both domestic and international customers.
Navigation and Modernization Solutions (NMS)
NMS combines airspace and mission systems modernization and product support efforts, primarily supporting programs for NASA, the DoD, and the FAA by implementing secure environmental and navigation ground solutions and data processing. NMS capabilities include ground systems for command and control of space assets, and domestic and international ATM. Key programs include the ATM solution Standard Terminal Automation Replacement System, the JPALS, the Global Positioning System Next Generation Operational Control System.
NMS also develops advanced ground stations to control unmanned systems, such as Global Hawk; and provides cyber-resiliency and avionics solutions for a range of aircraft, including the V-22, CH-53 and HH-60. Through its RGNext joint venture, NMS provides operation and mission support to the U.S. Air Force space launch and the U.S. Army test facilities. NMS also delivers product support services for the company’s other business segments, including system deployment, installation and integration, logistics and training for military and civil customers in approximately 80 countries.
IIS also operates the Cyber Operations, Development and Evaluation (CODE) Center, an advanced cyber range in which the company integrates its capabilities; and demonstrates, tests, and assesses new cyber products and services to determine how they could integrate into a customer’s CSOC. IIS leverages CODE Center capabilities to drive both internal and external research and development with governmental entities and commercial cyber protection companies.
MS segment
This segment designs, develops, integrates and produces missile and combat systems for the armed forces of the U.S. and allied nations. Leveraging its capabilities in advanced airframes, guidance and navigation systems, high-resolution sensors, surveillance, hypersonic systems, targeting and netted systems, MS provides and supports a range of advanced weapon systems, including missiles, smart munitions, close-in weapon systems, projectiles, kinetic kill vehicles, directed energy effectors and advanced combat sensor solutions. Key customers include the U.S. Navy, Army, Air Force and Marine Corps, the MDA, and the armed forces of approximately 50 allied nations.
Air Warfare Systems (AWS)
AWS products and services enable the U.S. Armed Forces and international customers to attack, suppress and destroy air-, sea- and ground-based targets. Products include the Advanced Medium-Range Air-to-Air Missile, a dependable and battle-proven air-to-air missile that also has a surface-to-air launch application; the Tomahawk cruise missile, an advanced surface- or submarine-launched cruise missile with loitering and network communication capability; StormBreaker, an air-to-ground glide weapon designed to engage moving targets in adverse weather and through battlefield conditions; the Joint Standoff Weapon, a family of air-to-ground weapons that employ an integrated GPS/inertial navigation system that guides the weapon to the target; the Paveway family of laser and GPS precision guided munitions; the AIM-9X Sidewinder short-range air-to-air missile; the Miniature Air Launched Decoy-Jammer, a high endurance electronic warfare decoy/jammer used to deceive and degrade air defenses; the High-Speed Anti-Radiation Missile; the Maverick precision strike missile; and the Griffin, a small missile that could be employed from aircraft, unmanned aerial vehicles, ships or ground-launched against light targets. Also, AWS partners with Kongsberg Defence Systems on the NSM and the Joint Strike Missile, which are over-the-horizon anti-surface warfare and land attack weapons systems to be used on various aircraft platforms and ship classes.
Strategic and Naval Systems (SNS)
SNS designs, develops, produces, and supports air and missile defense interceptor systems along with layered ship defense systems for the U.S. Armed Forces and approximately 30 allied countries across multiple platforms to counter the threats. SNS's primary customers are the MDA and the U.S. Navy, as well as various international customers. The SNS portfolio includes the Standard Missile family of products with capabilities, including sea- and land-based endo- and exoatmospheric defense against short- and intermediate-range ballistic missiles and tri-mission defense against air, surface and ballistic missile threats. The product line designs, develops, integrates, manufactures, and supports the Phalanx Close-In Weapon System, employed on land and at sea; and the Rolling Airframe Missile (RAM) and Launcher System, the SeaRAM system, and the Evolved Seasparrow Missile family of missiles all protecting ships against air, subsurface and surface cruise/ballistic missile threats.
In addition, SNS’s contracts with the MDA include the sustainment of the Exoatmospheric Kill Vehicle, which is the primary weapon payload of the Ground Based Interceptor for ballistic missile defense. SNS continues to leverage its strategic international co-operative partnerships to evolve its existing products and technologies with an intention of addressing the spectrum of threats to both the U.S. and its allies.
Land Warfare Systems (LWS)
LWS provides precision missiles and munitions, advanced electro-optical/infrared sensors, and integrated mission solutions in the land domain for the U.S. Army and Marine Corps, and the militaries of approximately 50 allied nations.
LWS capabilities are designed to provide warfighters the situational awareness and lethality they need to overmatch and defeat evolving complex threats. The LWS portfolio includes the Tube-launched, Optically-tracked, Wireless-guided weapon system; a long-range precision anti-armor/anti-fortification/anti-amphibious-landing weapon system; Javelin, a man-portable anti-tank missile in partnership with Lockheed Martin; and the Excalibur precision artillery munition, which is a GPS-guided round providing indirect precision fire for ground forces.
LWS also includes the 3rd Generation Forward Looking Infrared, which leverages sensor technology to provide the warfighter with high-definition resolution and magnification of target images in darkness and in a range of adverse environmental conditions and produces an unmanned aircraft system (UAS) called Coyote, which is a multi-purpose solution for ISR, Counter-UAS, and strike missions.
Advanced Missile Systems (AMS)
AMS focuses on the development and early introduction of next-generation system solutions that are designed to support the MS customer base, including the U.S. Air Force, Navy, Army, MDA, DARPA, the ONR, the Air Force Research Laboratory (AFRL), and the SCO. AMS develops and demonstrates systems and technologies aimed to solve customer problems in all mission areas and then transitions mature products or families of products to one of the other MS product lines or other business segments before those products enter the production phase of their life cycle.
AMS engages in opportunities involving the transition from weapon development to warfighter fielding in the areas of next generation missile systems, hypersonic and counter-hypersonic weapons, long range strike weapons, UAS, non-kinetic solutions, space applications, undersea warfare and collaborative weapon technologies.
SAS segment
This segment engages in the design, development and manufacture of integrated sensor and communication systems for advanced missions. These missions include ISR; precision engagement; manned and unmanned aerial operations; and space. Leveraging technologies, mission systems and domain knowledge, SAS designs, manufactures, supports and sustains civil and military electro-optical (EO)/infrared (EO/IR) sensors; airborne radars for surveillance and fire control applications; lasers; precision guidance systems; signals intelligence systems; processors; electronic warfare systems (EWS); tactical and strategic communications; and space-qualified systems. Key customers are the U.S. Navy, Air Force, and Army, international allies and classified customers.
In 2019, SAS was selected to develop and deliver a new active electronically scanned array (AESA) radar for Boeing’s B-52 bomber. In addition, the U.S. Marine Corps selected SAS’s APG-79(v)4 AESA radar for its F/A-18C/D classic Hornet fleet. SAS was awarded a contract by the U.S. Air Force to develop two prototype high-energy laser (HEL) counter-UAS for a year-long overseas deployment. SAS also delivered its first Next Generation Jammer (NGJ) Mid-Band pod to the U.S. Navy for ground and aircraft integration testing, and received a follow-on award for the NGJ program for the U.S. Navy.
In addition, SAS received a contract to build the Geostationary Littoral Imaging and Monitoring Radiometer sensor for NASA. This new sensor would create detailed views of physical and biological conditions in coastal waters. SAS was also awarded various classified contracts in ISR, space protection, electronic warfare and signals intelligence.
SAS has the following principal product lines:
ISR Systems (ISRS)
ISRS designs, develops and manufactures an array of advanced multispectral EO/IR sensors, light-sensing focal plane arrays, advanced visible and infrared sensors, AESA and mechanically scanned radars and various integrated airborne ISR systems solutions to provide customers with actionable information for strike, persistent surveillance and special mission platforms. These systems perform detection, identification, tracking, targeting, navigation, weather, and situational awareness tasks on various airborne platforms, including maritime, littoral and overland patrol aircraft, unmanned aerial systems, and other tactical, attack and transport rotary- and fixed-wing aircraft. Key ISRS programs include the F-35 next-generation electro-optical distributed aperture system; multi-spectral targeting systems on various unmanned and manned aircraft; the Silent Knight Terrain Following/Terrain Avoiding radar for rotary-wing platforms; and an international classified program.
Secure Sensor Solutions (S3)
S3 designs, manufactures and develops integrated sensor solutions for tactical and strategic platforms, which deliver actionable information for mission assurance. S3 provides integrated advanced fire control radars to customers, including the U.S. Navy, Marine Corps, and Air Force and international governments.
S3 produces AESA radars for the U.S. Air Force’s F-15 and B-2 aircraft, the U.S. Navy’s F/A-18E/F and EA-18G, the U.S. Marine Corps’ F/A-18C/D and radars for various international customers. S3 develops Airborne Early Warning & Reconnaissance Systems across multiple platforms, for the U.S. and international customers, including the Global Hawk and U2. S3 also develops anti-jam GPS solutions for various customers and provides a range of product families and engineering services for the DoD’s response to threat environments.
EWS
EWS designs and manufactures EWS and equipment for strategic and tactical aircraft, helicopters, surface ships and ground forces for the U.S. Air Force, Army, Navy, Special Operations Forces, and intelligence agencies and international governments. EWS products deliver a range of non-kinetic effects ranging from radar jamming to information operations. The EWS portfolio includes the NGJ program, the HEL Weapon Systems for Counter-UAS and Precision Strike program, integrated electronic warfare suites, development of electronic warfare planning and management tools, the multi-function integrated receiver/exciter system product family, advanced classified programs, and products, which include towed decoys, radar warning receivers, radar and communications countermeasures and missile warning sensors.
Integrated Communication Systems (ICS)
ICS provides tactical airborne communications, software-defined radio technology, advanced tactical and protected networking, protected tactical satellite communication (SATCOM) terminals and cryptology and real-time sensor networking. The ARC-231 radio is deployed on the U.S. and international rotary-wing platforms and fixed-wing aircraft. The Vinson/ANDVT Cryptology Modernization family of products provides secure communications for the U.S. and international customers.
ICS is the producer of advanced extremely high frequency satellite terminals for all U.S. military branches, providing protected SATCOM terminals for the U.S. military, including the Navy Multiband Terminal and the Air Force Family of Advanced Beyond Line of Sight Terminal and related ground terminals, Global Aircrew Strategic Network Terminal, and the Army Secure Mobile Anti-Jam Reliable Tactical Terminal.
SS
SS designs and manufactures space and space-qualified sensor payloads for major national programs and develops solutions for commercial, intelligence, defense and civil space applications. SS provides EO/IR, radio frequency, radar and laser space-based sensors to customers, including the DoD, MDA, NASA, classified and commercial customers, and international governments. SS also provides the Visible Infrared Imaging Radiometer Suite, an imaging and radiometric sensor for NASA and NOAA weather/environmental monitoring programs.
Advanced Concepts Technology (ACT), an incubator, is also part of SAS. ACT conducts both internal and contract research and development for customers, including the AFRL and DARPA. ACT produces products and capabilities, including next-generation all-weather millimeter wave targeting radars, advanced mission system architecture, EO and radio frequency technologies, advanced speech recognition with natural language understanding, and systems exploiting acoustic phenomenology. In addition, BBN Technologies within ACT develops technology to direct and control swarms of small, autonomous air and ground vehicles for DARPA.
Forcepoint segment
This segment develops cybersecurity products serving commercial and government organizations worldwide. Forcepoint is a joint venture of the company and Vista Equity Partners that brought together the capabilities of the legacy Raytheon Cyber Products and Websense, Inc. businesses.
In 2019, the company acquired Vista Equity Partners’ interest in Forcepoint, such that Forcepoint is wholly owned by the company. Forcepoint delivers a portfolio of human-centric cybersecurity capabilities that incorporate behavior based insights, including risk adaptive data loss prevention; user and entity behavior analytics (UEBA) and cloud access security broker (CASB) capabilities; insider threat solutions; next-generation firewall (NGFW) technology; cloud and on premise Web and email security; and cross domain transfer products.
Forcepoint's customers deploy its software products on standard servers, mobile endpoints or other information technology hardware, including Forcepoint optimized appliances, as a software-as-a-service (otherwise referred to as a cloud-based or cloud service) offering, or in a hybrid hardware/cloud configuration. Forcepoint’s customers include large enterprises, small- and medium-sized businesses and both domestic and international government agencies.
Forcepoint has the following principal product lines:
Global Governments and Critical Infrastructure
In addition to providing the suite of Forcepoint products to government customers, Global Governments and Critical Infrastructure provides a suite of cross domain and insider threat technologies designed to enable defense, intelligence and civilian agencies to access and transfer data, including streaming video, across multiple domains. In addition, Forcepoint provides these technologies to critical infrastructure customers. Global Governments and Critical Infrastructure products are deployed primarily in high assurance environments.
Enterprise Security
Enterprise Security consists of the User and Data Security solution area and the Cloud Access and Network Security solution area. User and Data Security provides risk adaptive data loss prevention; UEBA; and insider threat security products.
Forcepoint’s data loss prevention suite of products extend data security control solutions to enterprise cloud applications, end user software applications and sensitive data and intellectual property on laptops, both on- and off-network, and include dynamic data protection, which allows automated enforcement at the individual level driven by analytics-defined risk indicators. Forcepoint’s UEBA products analyze large amounts of data to assess risk.
Forcepoint’s insider threat suite of products spans analytics, insider threat, advanced threat protection and related security features. Cloud Access and Network Security solutions provide a range of appliances that consolidate multiple security capabilities and deliver real-time security functionality, including content security and firewall capabilities. The content security solutions integrate Forcepoint's Web, email, filtering, and NGFW technologies into a single security architecture that might be deployed in the cloud, on premise (e.g. a proxy server or firewall) and in a hybrid environment.
In addition, Forcepoint’s CASB product provides visibility, access and control as users interact with data in cloud applications. The firewall products consist of the Forcepoint NGFW and the Forcepoint Sidewinder proxy firewall products. The Forcepoint NGFW product provides software and hardware solutions that focus on high-availability, centralized management and policy deployment across large networks and protection from advanced evasion techniques. The Forcepoint Sidewinder product provides proxy-based firewall software and hardware solutions, designed to allow for clear visibility and control of command filtering, protocol enforcement and application access.
In addition to the principal product lines, Forcepoint provides consulting services of certified engineers who assess, plan, design, analyze and optimize security solutions for its customers' business environments.
International Sales
The company’s international sales are conducted through the company and certain U.S. and international subsidiaries. For example, Raytheon Systems Limited, an U.K. subsidiary, provides a range of products and services, primarily with the company’s MS, SAS, and IIS business segments, to commercial, defense and other government customers in the U.K. and internationally.
Raytheon Australia delivers integrated solutions to the Australian Defence Force, primarily with the company’s IDS and IIS business segments. The company’s Forcepoint business segment also sells certain products and services, both domestically and internationally, primarily through a network of distributors and value-added resellers.
Depending on the type of international sale, the company must either seek approvals from the U.S. government under the foreign military sales process or might require an export authorization and the issuance of a license by either the U.S. Department of State, the U.S. Department of Commerce, or the U.S. Department of the Treasury.
Seasonality
The company’s revenues in the second half of the year (year ended December 31, 2019) have exceeded revenues in the first half.
Research and Development
The company’s research and development expenses were $732 million in 2019.
Significant Event
In March 2020, the company and the Green Bank Observatory entered a cooperative research and development agreement to detect and characterize near-earth asteroids large enough to cause significant damage. The Raytheon-NRAO/GBO collaboration would integrate a radar transmitter into the Green Bank Telescope and use the National Science Foundation's Very Long Baseline Array as a receiver to provide a detailed radar image. The GBT and the VLBA would each point at the same celestial body, such as the moon, to conduct radar experiments.
History
Raytheon Company was founded in 1922.
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