2018 U.S.-Booked Air
Volume: $117 million
Consolidated U.S. TMC: BCD
BTN estimates U.S.-booked air volume at defense contractor
Raytheon held steady from 2017 to 2018 at $117 million. Revenue increased
nearly 7 percent to $27.1 billion, and Raytheon employed about 67,000 people at
the end of 2018, up about 3,000. Raytheon announced plans in June 2019 to merge
with fellow CT 100 defense contractor and aerospace firm United Technologies.
The companies expect the all-stock merger, which would create Raytheon
Technologies, to close in the first half of 2020, pending shareholder and governmental
approval. In the meantime, Raytheon is progressing toward a goal to deploy
next-generation virtual collaboration tools in 100 percent of its locations by
2020, a goal set in part to reduce the environmental impact of its business
travel.