What It Does: Raytheon Technologies specializes in producing avionics, aircraft engines, guided missiles, aerostructures, cybersecurity, drones, air defence systems, and satellites. The conglomerate is also involved in the provision of intelligence services.
Mission: Raytheon Technologies' mission statement is to be the most admired aerospace and defence company globally through its world-class workforce, technology, and innovation.
Size and Presence: The company has a modest presence in Canada, with over 8,200 employees across 30 locations.
Best Known For: Regarding market capitalization and revenue, Raytheon Technologies is the world's biggest aerospace and defence manufacturer. It's an industry leader in the supply of military and intelligence-gathering equipment.
The Good Bits: The company is perfect for freshers and interns to build relevant skills and expertise. The workplace benefits are top-tier. Raytheon Technologies have a healthy culture.
The Not-So-Good Bits: Its health insurance plan for employees can be better. The work can be hectic.
Raytheon Technologies came into existence in Massachusetts in 1922 as the American Appliance Company. It was founded by a group of three individuals. Three years later, the company changed its name to Raytheon Manufacturing Company and started marketing its products under the Raytheon name. In 1928, the company entered into a merger with QRSQRS Company. In the 30s, the company had already developed a reputation for itself as the largest manufacturer of vacuum tubes. In the years after the Second World War, the company started manufacturing low and medium-powered television and radio transmitters and similar equipment to realize profit.
In 1965, the company acquired a renowned manufacturer of refrigerators and air-conditioners, Amana Refrigeration Inc. Raytheon later used this company to market its microwave ovens. In 1997, this company acquired the defence and aerospace operations of Hughes Aircraft Company. A decade later, the company purchased Sarcos, a renowned robotics company. In 2009, Raytheon Technologies acquired BBN Technologies. A year later, Raytheon Technologies agreed to acquire Applied Signal Technology. In 2015, the company purchased Websense Inc, marking its venture into cybersecurity. In early 2020, this company finished its first radar antenna array for the US Army.
Raytheon is a family of diverse professionals who are united by a set of common values and objectives. The company's core values include accountability, respect, innovation, trust, and collaboration. The company strives to create an environment where its employees can feel like themselves and be at their productive best. The company's inclusion policy seeks to ensure that every employee has a sense of belonging. There's no discrimination based on gender, political affiliation, sexuality, gender identity, socioeconomic background, ethnicity, and religion.
There is a relationship of mutual respect between the employees and the management. The company holds itself accountable to its employees and encourages them to speak up. The nature of the job is collaborative, and this enhances inter-employee relations. The dress code is business casual.
Raytheon Technologies offers diverse career development programs. Its internships and co-op programs are an experiential learning experience for participants who want to learn via practical work experience gained through their participation in complex projects. As a bonus, it's a platform through which these interns can become full-time employees at the firm. The company's college graduate program is a platform for recent graduates to prove their importance to the organization and make their mark on the industry. Raytheon Technologies also offers leadership development programs that equip young talents with leadership skills that will prepare them to assume significant roles in the company and industry in the near future.
The company screens its applications, shortlists its candidates, subjects them to a phone screening and a series of technical interviews, and concludes it with a pre-employment check and the job offer.
The average yearly pay for an entry-level employee at Raytheon Technologies is CA$ 60,000 yearly.
This company provides its employees with medical coverage, income protection, retirement benefits, family leave, flexible working arrangements, college planning, relocation assistance, etc.
Through Connect Up, Raytheon Technologies aims to provide equitable opportunities for STEM education and promote career development and community welfare.