Raytheon (RTN) And Textron (TXT) Raytheon (RTN) Mission statement: “Aspiring to be the most admired defense and aerospace systems supplier through world-class people and technology”. (Raytheon.com) Background and History Raytheon was founded in Cambridge, Massachusetts in 1922, as the American Appliance Company, by Laurence K. Marshall, Vannevar Bush, and Charles G. Smith. Marshall and Bush were engineering students, while Smith was an inventor and scientist, but they were all entrepreneurs
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