Security Competitive Profiles
Raytheon has seen its security revenue decrease between 2009 and 2013 as funding for US government contracts has declined.
In response to this and additional reductions in military spending, the company has gone through a period of restructuring to increase productivity and to realign its services to current market demand.
The company has a strong brand presence through its military-based businesses, which it is leveraging to enhance its security-centric Intelligence, Information and Services business unit.
The company also offers sensors, optical electronics, and communications designed for the military as part of certain security deployments.
Through strategic acquisitions, Raytheon has successfully developed its capability in the information technology (IT) and cybersecurity market, allowing it to be both a security integrator and a system supplier.
Diversification of the company's customer base will be key to ensuring revenue growth and greater business stability for its security products.
About % of the company’s total revenue comes from the US government, although advances are being made into the Middle East and Indian markets.
Raytheon’s security products are considered to be high quality and technologically complex.
About this report
Frost & Sullivan anticipates that Raytheon will continue to develop its security solutions portfolio, focusing on the development of its cybersecurity capabilities. The use of strategic acquisitions is expected to continue whilst the company realigns its core business capabilities to enhance its customer diversification as funding for US government contracts declines. Advances are being made into other regional markets.
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