Raytheon marks 90 years, with challenges ahead
It’s best known as the world’s biggest missile-maker. But at its core, Waltham defense contractor Raytheon Co. is an electronics company full of engineers who have made some of the biggest technological breakthroughs of the 20th century. The origins of the microwave oven, GPS, and even e-mail can be traced to its laboratories. And that legacy could become a lifeline for Raytheon in an era of looming defense budget cuts that may mean leaner times for America’s biggest defense companies. As defense cuts loom, the Waltham defense contractor may have to return to its consumer roots — it helped create the microwave oven, GPS, and even e-mail — to survive.