Raytheon Organizational Structure in 2023
Raytheon Technologies Corporation (NYSE: RTX)
1000 Wilson Boulevard
Arlington, VA 22209
Main Phone: (781) 522-3000
Industry: Aerospace & Defense
Full Time Employees: 182,000
Raytheon Technologies Business Description
Raytheon Technologies is a leading multinational conglomerate specializing in advanced technology and innovation in the aerospace and defense industries. With a rich heritage spanning over a century, the company has built a strong reputation for delivering cutting-edge solutions to complex challenges around the world.
Raytheon Technologies operates through four main business segments, each excelling in their respective domains. The first segment is Collins Aerospace, which focuses on providing aerospace systems, avionics, and a wide range of mission-critical solutions for commercial and military customers. Collins Aerospace is renowned for its expertise in designing and manufacturing advanced aircraft systems, including flight controls, landing gear, and cabin interiors.
The second segment is Pratt & Whitney, a world-class manufacturer of aircraft engines and auxiliary power units. Pratt & Whitney's engines power some of the most advanced commercial and military aircraft, delivering exceptional performance, fuel efficiency, and environmental sustainability. The company is dedicated to continuous innovation and has been at the forefront of developing revolutionary engine technologies.
Raytheon Intelligence & Space (RI&S) forms the third segment of the business. RI&S is a global leader in developing advanced intelligence, surveillance, and reconnaissance (ISR) systems, space-based solutions, and cybersecurity technologies. Its portfolio includes satellite systems, mission systems integration, and data analytics, enabling customers to gather critical information and make informed decisions in complex environments.
The fourth segment is Raytheon Missiles & Defense (RMD), a leading provider of advanced missiles, weapon systems, and integrated defense solutions. RMD's capabilities encompass air and missile defense systems, precision-guided munitions, and advanced sensors. The company is renowned for its ability to deliver highly accurate, reliable, and technologically advanced solutions to address a broad spectrum of threats.
Raytheon Technologies' commitment to innovation, technological leadership, and customer-centric approach has established it as a trusted partner for governments, militaries, and commercial organizations worldwide. The company's deep understanding of customer needs, coupled with its extensive research and development capabilities, allows it to create tailored solutions that enhance operational effectiveness, safety, and security.
With a diverse portfolio of industry-leading businesses, a strong focus on innovation, and a commitment to delivering exceptional value to customers, Raytheon Technologies continues to shape the future of aerospace and defense technology, providing solutions that make the world a safer and more connected place.
Who is the current CEO of Raytheon Technologies?
Gregory Hayes is an accomplished business executive and the Chief Executive Officer (CEO) of Raytheon Technologies, a multinational conglomerate specializing in aerospace and defense technologies. Hayes has played a pivotal role in the growth and transformation of the company, driving innovation and strategic initiatives to maintain its position as a global leader in the industry.
Born on February 14, 1961, in Buffalo, New York, Gregory J. Hayes pursued his education at Purdue University, where he earned a Bachelor of Science degree in Mechanical Engineering. Following his graduation, he embarked on a successful career in the aerospace and defense sector, gaining extensive experience in various leadership roles.
Hayes joined United Technologies Corporation (UTC), the predecessor to Raytheon Technologies, in 1986. Over the years, he held several key positions within the organization, demonstrating his exceptional business acumen and leadership capabilities. His dedication, expertise, and results-driven approach propelled him up the ranks, ultimately leading to his appointment as the CEO of UTC in November 2014.
Under Hayes' leadership, UTC experienced significant growth and strategic transformation. He spearheaded the acquisition of Goodrich Corporation, a prominent aerospace supplier, which expanded the company's product portfolio and global reach. Hayes also led the successful merger of UTC with Raytheon Company in 2020, creating Raytheon Technologies, a powerhouse in the aerospace and defense industry.
As CEO of Raytheon Technologies, Hayes has been instrumental in driving the company's vision and fostering a culture of innovation and excellence. He emphasizes the importance of customer-centricity, focusing on delivering solutions that meet the evolving needs of customers while driving sustainable growth. Hayes is known for his strategic thinking, operational expertise, and ability to navigate complex business landscapes.
Beyond his responsibilities at Raytheon Technologies, Hayes is actively involved in industry organizations and serves on the board of directors for various prestigious institutions. He has been recognized for his leadership and contributions to the aerospace and defense sector, receiving accolades such as the Distinguished Leadership Award from the University of Notre Dame and being named one of the Top CEOs in the Aerospace and Defense Industry by Institutional Investor magazine.
Gregory Hayes is widely respected for his leadership style, characterized by integrity, transparency, and a commitment to driving long-term value for stakeholders. His passion for innovation, operational excellence, and driving positive change has propelled Raytheon Technologies to new heights, ensuring its continued success in a dynamic and competitive global marketplace.
What does the Raytheon Technologies organizational structure look like in 2023?
Raytheon Technologies operates with a hierarchical organizational structure that reflects its diverse business segments and facilitates effective coordination and decision-making. While specific details may evolve over time, the following provides an overview of the typical organizational structure of Raytheon Technologies:
CEO and Senior Leadership: At the top of the hierarchy is the Chief Executive Officer (CEO), currently Gregory Hayes, who provides strategic direction and oversees the overall operations of the company. The CEO is supported by a team of senior executives, including leaders of the major business segments and functional areas.
Business Segments: Raytheon Technologies is organized into four main business segments, each headed by a President or CEO who reports directly to the CEO. These segments include:
a. Collins Aerospace: This segment focuses on aerospace systems, avionics, and mission-critical solutions for commercial and military customers.
b. Pratt & Whitney: Responsible for the design, development, and production of aircraft engines, auxiliary power units, and related technologies.
c. Raytheon Intelligence & Space (RI&S): This segment specializes in advanced intelligence, surveillance, reconnaissance (ISR), space-based systems, and cybersecurity technologies.
d. Raytheon Missiles & Defense (RMD): Primarily engaged in the development and manufacturing of advanced missiles, weapon systems, and integrated defense solutions.
Supporting Functions: These functions provide essential support and expertise across the organization. They typically include:
a. Finance and Accounting: Responsible for financial management, reporting, budgeting, and analysis.
b. Human Resources: Oversees talent acquisition, employee development, benefits, and organizational culture initiatives.
c. Legal and Compliance: Ensures legal and regulatory compliance, manages contracts, and provides legal advice and support.
d. Operations and Supply Chain: Oversees manufacturing, production, logistics, and procurement activities.
e. Research and Development (R&D): Focuses on innovation, technological advancements, and the development of new products and solutions.
f. Marketing and Sales: Responsible for market research, product promotion, customer engagement, and sales strategies.
Regional and Functional Structures: Raytheon Technologies also maintains regional and functional structures to ensure effective operations and coordination across various locations and departments. These structures include regional leadership teams and functional departments such as IT, communications, quality assurance, and project management.
The organizational structure of Raytheon Technologies is designed to foster collaboration, innovation, and operational excellence within each business segment while promoting synergies and leveraging the collective strengths of the company as a whole.
What does the Raytheon Technologies Corporate Structure look like in 2023?
What does the Raytheon Technologies Org Chart look like for the Board of Directors?
What does the Raytheon Technologies Org Chart look like for the Executive Leadership team?
databahn is an account intelligence company that specializes in providing comprehensive and up-to-date information on Fortune 1000 and Global 2000 companies. databahn offers a range of information services, including deep dive company profiles, financial insights, news updates, competitive analysis, and accurate contact information. databahn's account intelligence is meticulously curated, enabling businesses to make informed decisions, identify sales opportunities, and gain a competitive edge. With the focus on accuracy, completeness, and timeliness, databahn serves as a valuable resource for sales and marketing professionals and other industries that require reliable and actionable insights on large & complex enterprise companies.
Please complete the form below to request to see a sneak peek of the Raytheon Technologies Sales Intelligence, Org Chart, and Contact Info Report.