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Raytheon, an industrial corporation with a major role in American defense contracting, manufactures weapons and electronics for military and commercial uses. Prior to 2007, the company built aircraft, but is now the premier guided missile producer in the world. Started by Vannevar Bush and Laurence Marshall in 1922, and after being reincorporated in 1928, the company went on to become Raytheon in 1959. Taking its place as the world's fifth largest military contractor, 90% of its business comes from government military contracts.