LEXINGTON, Mass., July 8 /PRNewswire/ -- Raytheon Company this week will
celebrate 80 years of innovation with a series of events at operations across
the United States and in the U.K.
The company was founded in Cambridge, Mass., on July 7, 1922 as the
American Appliance Company, a maker of machinery, motors, and components.
Raytheon today is the result of 80 years of continuous innovation, including
the impressive legacies of the businesses that Raytheon has joined with over
the years, including Beechcraft, E-Systems, Texas Instruments' Defense Systems
and Electronics, and Hughes Aircraft's Defense Electronics.
"We are proud of our legacy. For 80 years, the people of Raytheon have
developed and produced systems and provided services that have helped protect
our freedom and improved our quality of life," said Daniel P. Burnham,
Raytheon's chairman and chief executive officer. "On our 80th anniversary, we
are rededicating ourselves to providing the very best technology, defense
systems, and services."
Burnham will kick off the week of events today at 4 p.m. EST when he rings
the closing bell at the New York Stock Exchange (Coincidentally, Raytheon is
also observing its 50th year as a NYSE-listed company). From Washington, D.C.,
to Wichita, Kans., to El Segundo, Calif., employees at Raytheon sites across
the U.S. will participate in breakfasts, luncheons, receptions, and other
recognition ceremonies. On Thursday, July 11, Burnham will host a reception
at the company's Lexington, Mass., headquarters to honor outstanding
innovators from the company's past and present. Joining him will be members
of the company's Leadership Team, employees and guests from the community.
Raytheon Aircraft Company (RAC) also celebrates three significant
milestones this year -- the company's 70th anniversary, the 55th anniversary
of the world-famous Beech Bonanza, and the 40th anniversary of the company's
fixed-base operation, Raytheon Aircraft Services. RAC was founded by Walter H.
Beech and was originally named Beech Aircraft Corp.
Raytheon Systems Limited (RSL), the company's UK subsidiary based in
London, today also will launch a week of activities in observance of the U.S.
parent company's 80th anniversary. RSL has its own achievements to celebrate.
The unit's Harlow operation will be marking both the 50th anniversary of the
introduction of secondary radar and the 100th anniversary of the manufacturing
of the first cathode ray tube in Britain. In addition, RSL's Broughton site
will be marking Raytheon's 40 years in aircraft servicing.
For an interactive history of Raytheon, visit the company's web site,
http://www.raytheon.com.
With headquarters in Lexington, Mass., Raytheon Company is a global
technology leader in defense, government and commercial electronics, and
business and special mission aircraft.
NOTE: Photos available via Associated Press/New York (212.621.1902),
Reuters America (646.223.6285) and Bloomberg Photo (212.893.3420).
The Opening Bell(TM) (starting at 9:25 a.m.) and The Closing Bell(TM)
(starting at 3:55 p.m.) feeds are available via fiber line at Waterfront
#1630. The NYSE Daily News Feed is available from 2:30 p.m. - 2:45 p.m. (EST)
via satellite at Telstar 6, Transponder 11, C-Band and by fiber line at
Waterfront #1630. A re-broadcast of the NYSE Daily News Feed is also
available following The Closing Bell feed (starting at 3:55 p.m.) and can be
accessed by fiber line at Waterfront #1630.
Contact:
Wendy Jacobs
781.860.2412
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Wendy Jacobs of Raytheon Company,
+1-781-860-2412
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