Involvement in the development of facial recognition technology for military and security applications

Exploiting Crises: How Raytheon Technologies Corporation Continues to Profit from Controversy

3. Raytheon Technologies Corporation’s Profit Playbook

Despite the ethical storm, Raytheon Technologies Corporation has managed to avoid significant financial repercussions. The company’s continued success rests on a complex web of factors. First, Raytheon’s substantial government contracts act as a buffer against potential losses stemming from public outcry. Even amidst controversy, defense contracts often remain intact due to the company’s established relationships with government agencies and its perceived indispensable role in national security. Secondly, regulatory enforcement in the defense sector is often described as soft. The lack of stringent oversight can allow companies like Raytheon to cut costs and maximize profits, even when ethical standards are compromised. While Raytheon Technologies Corporation may face fines or settlements related to specific incidents, these are often far outweighed by the revenue generated by the underlying technology or contract.