Raytheon (United States) is involved in a project to stretch the lifecycle of the guidance systems of the Trident II (D5) nuclear missiles of the US Navy. It is also involved in studies in support of the new W80-4 Long-Range Standoff missile for the US arsenal.

Company profile

Raytheon is a US-based company providing mainly military electronics, mission systems integration and other capabilities in the areas of sensing and command, control, communications and intelligence systems as well as a broad range of mission support services. 1

In the financial year ending 31 December 2013, Raytheon generated revenues of US$ 22.8 billion (€ 18.8 billion), resulting in an operating income of US$ 3.2 billion (€ 2.6 billion) and a net income of US$ 2.2 billion (€ 1.8 billion). 2

Contact Information

Website: www.raytheon.com
Twitter: @Raytheon
Facebook: www.facebook.com/Raytheon

Raytheon Company
870 Winter Street
Waltham, MA 02451

Nuclear weapons

In September 2013, Raytheon was awarded a US$ 33.4 million (€ 24.8 million) contract for contractor logistic support, installation, and sustainment of Minuteman MEECN (Minimum Essential Emergency Communication Network) programme and Minuteman MEECN programme upgrade. Work is expected to be completed by September 2016. 3

In December 2013, Raytheon was awarded a US$ 134.4 million (€ 98.0 million) US Air Force contract to design a communications system for command and control of nuclear-armed bombers. The Global Aircrew Strategic Network Terminals Increment I (ASTN) is a multi-path communication system used to disseminate nuclear command and control messages from national-level decision authorities to geographically dispersed locations. Development is expected to be completed by December 2016, with production, installation, and sustainment options extending to December 2020. 4 The overall ASTN programme has a value of US$ 500 million (€ 371 million). 5

Along with Boeing, Lockheed Martin and Northrop Grumman, Raytheon is under contract since 2013 to conduct trade studies in support of the Air Force Long-Range Standoff (LRSO) missile plans. This line-up is expected to become a four-way competition to build a Long Range Standoff weapon. 6 Reportedly the US Nuclear Weapons Council in October 2014 selected the W80-1 thermonuclear warhead for the LRSO nuclear cruise missile, scheduled for deployment in 2027. After modification during a life-extension programme, the warhead will be dubbed W80-4. 7 Little information about what the US Air Force is seeking in an LRSO missile is publicly available. 8


The following financial institutions have made approximately USD 24,966 million available to this producer since January 2012.

  • Aegon (Netherlands)
  • Allianz (Germany)
  • Allstate (United States)
  • American Equity Investment Life Holding (United States)
  • American Family Mutual Insurance (United States)
  • American International Group (AIG) (United States)
  • American National Insurance (United States)
  • American United Mutual Insurance (United States)
  • ANZ (Australia)
  • AQR Capital Management (United States)
  • Aquiline Capital Partners (United States)
  • AXA (France)
  • Bank of America (United States)
  • Bank of New York Mellon (United States)
  • Barclays (United Kingdom)
  • Bessemer Group (United States)
  • BlackRock (United States)
  • BNP Paribas (France)
  • Citigroup (United States)
  • Columbia Threadneedle Investments (United States)
  • Crédit Agricole (France)
  • Crédit Suisse (Switzerland)
  • Deutsche Bank (Germany)
  • Fidelity Investments (United States)
  • First Eagle Investment Management (United States)
  • Franklin Resources (United States)

  • GE Capital Services (United States)
  • Geode Capital Management (United States)
  • Guggenheim Capital (United States)
  • Guilford (United States)
  • Gulf International Bank (Bahrain)
  • Intesa Sanpaolo (Italy)
  • Invesco (United States)
  • Invest AD (United Arab Emirates)
  • Janus Capital Group (United States)
  • JPMorgan Chase (United States)
  • Legg Mason (United States)
  • Liberty Mutual Insurance (United States)
  • Lloyds Banking Group (United Kingdom)
  • LSV Asset Management (United States)
  • Macquarie Group (Australia)
  • Manulife Financial (Canada)
  • MassMutual Financial (United States)
  • MetLife (United States)
  • Mitsubishi UFJ Financial (Japan)
  • Morgan Stanley (United States)
  • National Western Life Insurance Company (United States)
  • New York Life Insurance Company (United States)
  • Northern Trust (United States)
  • Northwestern Mutual Life Insurance (United States)

  • Old Mutual (United Kingdom)
  • Orix Corporation (Japan)
  • Power Financial Corporation (Canada)
  • Prospector Partners (United States)
  • Prudential (UK) (United Kingdom)
  • Prudential Financial (US) (United States)
  • Riyad Bank (Saudi Arabia)
  • Royal Bank of Scotland (United Kingdom)
  • Sasco Capital (United States)
  • Schafer Cullen Capital Management (United States)
  • Scotiabank (Canada)
  • State Farm (United States)
  • State Fund (United States)
  • State Street (United States)
  • Sumitomo Mitsui Financial (Japan)
  • T. Rowe Price (United States)
  • The Dai-Ichi Life Insurance Company (Japan)
  • TIAA-CREF (United States)
  • Travelers (United States)
  • UBS (Switzerland)
  • Unum Group (United States)
  • US Bancorp (United States)
  • Vanguard (United States)
  • Wellington Management (United States)
  • Wells Fargo (United States)
  • Western & Southern Financial (United States)

This page was last updated 29 October 2015.


  1. Raytheon, “Our company”, Website Raytheon (www.raytheon.com/ourcompany/), viewed June 2015.
  2. Raytheon, “Annual Report 2014”, Raytheon, March 2015.
  3. US Department of Defense, “Daily Contract List”, US Department of Defense, 26 September 2013 (www.defense.gov/contracts/contract.aspx?contractid=5142).
  4. DefenseNews, “Raytheon takes nuclear communications contract”, Website DefenseNews, 24 December 2013 (www.defensenews.com/article/20131224/C4ISRNET06/312240007/Raytheon-takes-nuclear-communications-contract);
    InsideDefense, “Air Force Preparing Contract Award To Raytheon For Global ASNT Nuclear Terminal Program”, InsideDefense, 13 September 2013.
  5. Starosta, G., “Air Force Preparing Contract Award To Raytheon For Global ASNT Nuclear Terminal Program”, InsideDefense, 13 September 2013.
  6. InsideDefense, “Long-Range Standoff Missile Development Pushed Back By Three Years”, InsideDefense, 5 March 2014.
  7. Federation of American Scientists, “W80-1 Warhead Selected For New Nuclear Cruise Missile”, Website Federation of American Scientists, 10 October 2014 (fas.org/blogs/security/2014/10/w80-1_lrso/).
  8. Malenic, M., “USAF wants to dodge latest air defences with bomber’s new secret weapon”, Website IHS Jane’s Defence Weekly, 27 January 2015 (www.janes.com/article/48385/usaf-wants-to-dodge-latest-air-defences-with-bomber-s-new-secret-weapon).


In some nuclear-armed states – in particular the United States, the United Kingdom and France – private companies are hired by governments to carry out work on maintaining and modernising nuclear arsenals. This report looks at companies that are providing the necessary components to develop, test, maintain and modernise nuclear weapons.The contracts these companies have with nuclear armed countries are for materials and services to keep nuclear weapons in their arsenals. The companies described are substantially involved in the nuclear weapons programmes of the United States, the United Kingdom, France, or India and are themselves based in France, India, Italy, the Netherlands, the United Kingdom and the United States.

In other nuclear-armed countries –Russia, China, Pakistan and North Korea – the maintenance and modernization of nuclear forces is carried out primarily or exclusively by government agencies.


The nuclear weapon producers identified were selected on the basis of a predetermined set of criteria.
– Information on investments is publicly available.
– The company is directly involved in the development, testing, production, maintenance or trade of nuclear weapons related technology, parts, products or services.
– The company’s involvement is related to warheads, or to delivery systems such as missiles, that are specifically developed for nuclear tasks. This includes technology that is designed for ‘dual use’ (military and civilian) but excludes technology that is not designed for, but can be used in nuclear warfare. It does not include delivery platforms such as bombers and submarines.

State owned or controlled nuclear industries are outside the scope of this research, as are companies not publicly listed. Our research uncovered a number of Universities involved in nuclear weapons programmes, but these are also outside the scope of the report.

The list of nuclear weapon producers investigated was compiled through a wide variety of sources, including financial institution exclusion lists, civil society reports, media reports, etc. Additional details on the contracts and components can be found in the Annex. We welcome information at any time about possible nuclear weapons producing companies to investigate.