On July 7, 1922, a great American success story began: A few passionate visionaries created a high-tech venture in the shadow of a great university and developed a breakthrough product that transformed a nation.One of the earliest technology start-ups, Raytheon was established in Cambridge, Mass., home of the Massachusetts Institute of Technology, as the American Appliance Company.The company’s founders were Vannevar Bush, who would become dean of MIT’s School of Engineering; Laurence Marshall, an engineer; and Charles G. Smith, a scientist who had done work on the electrical properties of gases.Their revolutionary innovation was the S gas rectifier tube, a device that eliminated one of the cumbersome expensive batteries that previously powered home radios.
|Bank Name||Raytheon Company|
|Chairman||Dr. Thomas A. Kennedy|
|CEO||Dr. Thomas A. Kennedy|