Raytheon (United States) is involved in the Minuteman III missile system for the US nuclear arsenal. It is also producing key components for the new US Long Range Standoff weapon.

Company profile

Raytheon, based in the US, provides 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 2016, Raytheon generated revenues of US$ 24.0 billion (€ 22.8 billion), resulting in an operating income of US$ 3.2 billion (€ 3.0 billion) and a net income of US$ 2.2 billion (€ 2.1 billion).[2]

Contact Information

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 logistic support, installation, and sustainment of Minuteman MEECN (Minimum Essential Emergency Communication Network) programme and Minuteman MEECN programme upgrade. Work was expected to be completed by September 2016, but the contract is extended until September 2018.[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. The overall ASTN programme has a value of US$ 500 million (€ 371 million).[4]

In August 2017, Lockheed Martin and Raytheon were awarded two separate five-year contract for US$ 900 million (€ 764.2 million) for the Long Range Standoff weapon’s technology maturation and risk reduction acquisition phase. The contract supports replacement of the AGM-86B air-launched cruise missile”. Work is expected to be completed in 2022.[5]



The following financial institutions made approximately US$ 28,276 million available to this producer from January 2014 through October 2017.

  • Aegon (Netherlands)
  • Allianz (Germany)
  • Allstate (United States)
  • American Equity (United States)
  • American Family (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)
  • 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)
  • Capital Group (United States)
  • Cathay Life Insurance (Taiwan)
  • Charles Schwab (United States)
  • Citigroup (United States)
  • Crédit Agricole (France)
  • Credit Suisse (Switzerland)
  • Dai-Ichi Life (Japan)
  • Deutsche Bank (Germany)
  • Fidelity Investments (United States)
  • Franklin Resources (United States)
  • Geode Capital Management (United States)
  • Goldman Sachs (United States)
  • Guggenheim Capital (United States)
  • Gulf International Bank (Bahrain)
  • Invesco (United Kingdom)
  • Janus Henderson Group (Jersey)
  • JPMorgan Chase (United States)
  • Legal & General (United Kingdom)
  • Legg Mason (United States)
  • Liberty Mutual Insurance (United States)
  • Lloyds Banking Group (United Kingdom)

  • Macquarie Group (Australia)
  • Manulife Financial (Canada)
  • MassMutual Financial (United States)
  • MetLife (United States)
  • Mitsubishi UFJ Financial (Japan)
  • Morgan Stanley (United States)
  • National Bank of Abu Dhabi (United Arab Emirates)
  • National Western Life Group (United States)
  • New York Life Insurance (United States)
  • Norges Bank (Norway)
  • Northern Trust (United States)
  • Northwestern Mutual Life Insurance (United States)
  • Old Mutual (United Kingdom)
  • Old Republic International (United States)
  • Orix Corporation (Japan)
  • Power Financial Corporation (Canada)
  • Principal Financial Group (United States)
  • Prospector Partners (United States)
  • Prudential (UK) (United Kingdom)
  • Prudential Financial (US) (United States)
  • Riyad Bank (Saudi Arabia)
  • Royal Bank of Scotland (United Kingdom)
  • Scotiabank (Canada)
  • State Farm (United States)
  • State Fund (United States)
  • State Street (United States)
  • Sumitomo Mitsui Financial (Japan)
  • Sun Life Financial (Canada)
  • TIAA (United States)
  • Toronto-Dominion Bank (Canada)
  • Travelers (United States)
  • UBS (Switzerland)
  • US Bancorp (United States)
  • Vanguard (United States)
  • Wellington Management (United States)
  • Wells Fargo (United States)
  • Western & Southern Financial (United States)
  • White Mountains Insurance (Bermuda)





[1]     Raytheon, “Our company”, Website Raytheon (www.raytheon.com/ourcompany/), viewed August 2017.

[2]     Raytheon, “Annual Report 2016”, Raytheon, February 2016.

[3]     US Department of Defense, “Daily Contract List”, US Department of Defense, 26 September 2013 (archive.defense.gov/Contracts/Contract.aspx?ContractID=5142); US Department of Defense, “Daily Contract List”, US Department of Defense, 26 September 2016 (www.defense.gov/News/Contracts/Contract-View/Article/955895/).

[4]     Oakes, J., “Global ASNT awards contract, moves toward next phase”, Air Force Materiel Command, 16 January 2014 (www.afmc.af.mil/News/Article-Display/Article/804132/global-asnt-awards-contract-moves-toward-next-phase/); InsideDefense, “Air Force Preparing Contract Award To Raytheon For Global ASNT Nuclear Terminal Program”, InsideDefense, 13 September 2013.

[5]     Lockheed Martin, “U.S. Air Force Awards Lockheed Martin $900 Million Long Range Stand Off Missile Contract”, News release Lockheed Martin, 23 August 2017 (www.news.lockheedmartin.com/2017-08-23-U-S-Air-Force-Awards-Lockheed-Martin-900-Million-Long-Range-Stand-Off-Missile-Contract?_ga=2.13061237.37627922.1503582399-1704168549.1501675906);  U.S. Department of Defense, “Daily contracts – Release No: CR-163-17”, Website U.S. Department of defense, 23 August 2017 (www.defense.gov/News/Contracts/Contract-View/Article/1287610/).

This page was last updated 29 January 2018.

Top 20 Producers

Looking for information on other nuclear weapon associated companies? Check here.

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 the top 20 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, the Netherlands, the United Kingdom and the United States. More information on other companies involved in nuclear arsenals, not listed in the top 20, can be found here.

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 is on the website.
We welcome information at any time about possible nuclear weapon producing companies to investigate.