Company Comparison: Raytheon (Rtn) and Textron (Txt) Essay

Raytheon was founded in Cambridge, Massachusetts in 1922, as the American Appliance bon ton, 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. After failures to grocery an idea for a new-fangled refrigerator the trio began to focus on electronics. (Raytheon, Wikipedia.com)An idea that Smith and Bush had worked on years earlier, a new kind of vaporific tube that would allow radios for the runner time to be plugged into a wall socket and operate on electricity rather than batteries, would be their new direction. (Raytheon conjunction, fundinginguniverse.com) After acquiring a patent for the idea and because an Indian order already had rights to the pay heed American Appliance Comp whatsoever, Raytheon Manufacturing Company was born. (Raytheon Company, fundinginguniverse.com) The consumer demand for electronics was go and the new radio-receiver power supply (gaseous rectifier), which immediately allow radios to be in every household for pennies of what it cost to continuously replace batteries. (History, Raytheon.com)As the aspiration for radio-receiving tubes began to intensify Raytheon, mainly Laurence K, Marshall, saw the need to diversify. (Raytheon Company, fundinginguniverse.com) Raytheons philosophy briefly became to acquire companies that could take Raytheon to new heights in the competitive electronics market and to reinvest gelt back into the beau monde for research and to development and improve products. They acquired Acme-Delta Company in1933 a producer of transformers, power equipment, and electronic auto parts and Raytheon in short became the worlds largest vacuum tube manufacturing companies. (Raytheon, Wikipedia.com)During domain War II Raytheon had the opportunity to help Allied Forces with the mass production of magnetron tubes, which improved the efficiency of microwave radar to detect enemy pla nes. As the war closureed Raytheon move to search for achievement opportunities in an attempt to consolidate independent character manufacturers into unity company. (Raytheon Company, fundinginguniverse.com) They acquired Belmont Electronics, who was developing televisions for commercial use, for $4.6 jillion in 1945 and Russell voltaic for $1.1 million later the same year. (Raytheon Company, fundinginguniverse.com) A merger with Submarine manoeuver Company in 1946 helped Raytheon make it thru tough times after WWII and it was discrete that Sub-Sig would specialize in sonar devices and that Raytheon would continue to develop new radar systems. (History, Raytheon.com)The relationships Raytheon substantial during WWII helped it grow the company and the productions of magnetron tubes lead them to their next great invention, the force to use microwaves to cook food. In 1947 Raytheon demonstrated the first microwave, but it was their acquisition in 1965 of Amana Refrigeration, Inc, a manufacturer of refrigerators and air conditioners that do the microwave oven genuinely affordable and 1967, Raytheon introduced the first countertop, domestic 100-volt microwave oven. (History, Raytheon.com) The microwave brought great profits to Raytheon. This led to acquisitions of many more companies over the next decade.In 1948 Raytheon developed the first missile guidance system in which both the radar transmitter and receiver were carried in the nose of the missile itself. (History, Raytheon.com) This lead to Raytheon receiving a contract from the U.S. Army in 1967 to develop its a lot needed missile defense system, later realised the Patriot Missile System. The missile guidance system, much in demand during the Cold War of the 70s and 80s and Persian Gulf Wars, became a major part of Raytheons transaction. Raytheon has continued to acquire companies, including Beech Aircraft in 1980 and the defense businesses of Texas Instruments Inc. in 1997, it deems prerequ isite to achieve its goals and expand its business. Raytheon is watercoursely composed of six major business contributionsIntegrated Defense Systems Intelligence and Information Systems Missile Systems Network centrical Systems Raytheon Technical Services Company LLC Space and Airborne Systems (wikinvestment.com)Raytheons current CEO and Chairman, William H. Swanson, was named CEO in 2004. He graduated from California polytechnic State University with a bachelors gradation in industrial engineering and acquired his MBA from Golden State University. (leaders, Raytheon.com) He joined Raytheon in 1972 and held a wide range of leadership positions, including manufacturing manager of the companys Equipment Division, and commonplace manager of Raytheon Electronic Systems . (William H, Swanson, wikipedia.com) Swanson is the member of numerous military advisory boards and continues Raytheons pursuit to be the leading supplier for defense systems and continued innovations.He has con tinued to acquire companies that will allow Raytheon to achieve its goals more efficiently. Raytheons November 4 acquisition of Trusted Computer Solutions (TCS), an industry leader in cross-domain and cyber security softw are and services, and acquiring Technology Associates Inc, a company that delivers safe life-cycle computer engineering to mission-critical programs in the U.S. intelligence community, in October 2010, are examples of Swanson act the philosophies of Raytheons founders. (Leadership, Raytheon.com)Textron (TXT) Mission account to be one of the Worlds Best Managed companies Excellent Managers of shareholder Resources A Multi-Industry Company with Global Leadership Positions in Each of Our Businesses. (Textron Inc., fundinguniverse.com) stress and HistoryTextron was founded by purple elflike in 1923, as the exceptional Yarns Corporation in Boston, Massachusetts and was a textile company. A Harvard Graduate, Royal piffling was an outspoken advocate for non-rela ted diversification, so any down turns of one business would have minimal to no affect on otherwise components of the company. (Textron Inc., fundinguniverse.com) With the acquisition of Franklin Process Company, a cotton wool yarn processing company in 1928, they became the first multi-industry company. (Textron, Wikipedia.com) Changing its name to Atlantic Rayon Corporation during World War II, business flourished from the demand for parachutes. (Company History,Textron.com) minor was extremely hands on and as revenue slowed at the end of WWII he moved to producing intimate apparel and other consumer goods. (Textron.com) In 1943 the name was changed to Textron and in 1947 it was listed on the New York extraction Exchange.Royal Little was cognize for antipathetical takeovers and his irrepressible impulses to acquire more companies. (Textron Inc., fundinguniverse.com) In 1956, in an attempt to sense of balance his own business style, Little hired banker Rupert Thompson. This partnership became known as the first conglomerate. (Textron Inc., fundinguniverse.com) Thompsons main objectives, as the director and head of Textrons non-textile trading operations and as Littles successor, were to balance Textrons acquisitions and minimize the affects an economic downturn in one dole out of company would have on the alleviation of the company. Thompson believed the company should sell any division of the company at the first sign of adverse exploit and this included the selling of Textrons last textile holding, Amerotron, in 1963. (Textron Inc., fundinguniverse.com)Through the 60s and 70s Textron made many more acquisitions. possibly the most impressive was the purchase of gong Aircraft Company for $32 million in 1960. Bell was best known for its helicopters, it gave Textron entrance into the aerospace industry, and Bell Aerospace became the name of this Textron division. (Textron, Wikipedia.com) Royal Little also retired at the end of 1960, but with Ruper t Thompson pickings over Textron continued growth by means of acquisition. In 1984 Textron acquired Avco Corporation which dual the size of Textron and in 1992 the acquisition of Cessna Aircraft Company balanced the Bell Aerospace divisions defense-related business activity.Mission statement to be one of the Worlds Best Managed companies Excellent Managers of Shareholder Resources A Multi-Industry Company with Global Leadership Positions in Each of Our Businesses. (Textron Inc., fundinguniverse.com) Background and HistoryTextron was founded by Royal Little in 1923, as the Special Yarns Corporation in Boston, Massachusetts and was a textile company. A Harvard Graduate, Royal Little was an outspoken advocate for non-related diversification, so any down turns of one business would have minimal to no affect on other components of the company. (Textron Inc., fundinguniverse.com) With the acquisition of Franklin Process Company, a cotton yarn processing company in 1928, they became the first multi-industry company. (Textron, Wikipedia.com) Changing its name to Atlantic Rayon Corporation during World War II, business flourished from the demand for parachutes. (Company History,Textron.com) Little was extremely hands on and as revenue slowed at the end of WWII he moved to producing lingerie and other consumer goods. (Textron.com) In 1943 the name was changed to Textron and in 1947 it was listed on the New York Stock Exchange.Royal Little was known for hostile takeovers and his irrepressible impulses to acquire more companies. (Textron Inc., fundinguniverse.com) In 1956, in an attempt to balance his own business style, Little hired banker Rupert Thompson. This partnership became known as the first conglomerate. (Textron Inc., fundinguniverse.com) Thompsons main objectives, as the director and head of Textrons non-textile operations and as Littles successor, were to balance Textrons acquisitions and minimize the affects an economic downturn in one portion of company wo uld have on the rest of the company. Thompson believed the company should sell any division of the company at the first sign of adverse performance and this included the selling of Textrons last textile holding, Amerotron, in 1963. (Textron Inc., fundinguniverse.com)Through the 60s and 70s Textron made many more acquisitions. Perhaps the most impressive was the purchase of Bell Aircraft Company for $32 million in 1960. Bell was best known for its helicopters, it gave Textron entrance into the aerospace industry, and Bell Aerospace became the name of this Textron division. (Textron, Wikipedia.com) Royal Little also retired at the end of 1960, but with Rupert Thompson taking over Textron continued growth through acquisition. In 1984 Textron acquired Avco Corporation which doubled the size of Textron and in 1992 the acquisition of Cessna Aircraft Company balanced the Bell Aerospace divisions defense-related business activity. (Company History, Textron.com)Textron has been consistent in acquiring companies that offer complementary products, markets, or manufacturing processes and this has allowed them to easily merge their various companies into one large division. Examples of this are their Textron Automotive Company which merged six different automotive businesses and Textron fix Systems Inc. which merged quintuple fastening companies. (Company History, Textron.com) Textron currently consist of the following five major business divisionsCessna (32%) Bell (27%) Textron Systems (18%) Industrial (12%) Finance (11%) (wikinvestment.com)Textrons current CEO and chairman is Scott C. Donnelly. He has been with Textron since2008 and became CEO in December of 2009. Donnelly, who was erstwhile the president and CEO for General Electric (GE) Aviation, got his Bachelor of Science degree in electrical and computer engineering from the University of Colorado. (Company History, Textron.com) Donnellys philosophies are standardised to Textrons past CEOs as he continues to accomplish restructuring and new product development. His work with GE Global Research, the worlds largest and most diversified industrial research organization, will help him maintenance Textron diversified, which was always the goal of the founder.