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April 6, 2021

Raytheon announces $500M social impact initiative

By Sean Teehan

Raytheon Technologies Corp. announced it will begin a $500 million philanthropic initiative that will focus on education, services for military veterans and community organizations. 

The Massachusetts-based defense and aerospace conglomerate -- which employs thousands at its Connecticut locations -- will establish the "Connect Up" initiative as a 10-year program aimed at tackling pressing social issues, CEO Greg Hayes said.

"Through focused investments, volunteer commitment and strategic partnerships, we will create lasting, multi-generational impact in education opportunity, armed services support and local community relief," Hayes said.

The initiative will combine philanthropic capital, public/private partnership and employee volunteers to provide access to STEM education, help military veterans transition into civilian lives and support national and local nonprofits like Feeding America and Boys & Girls Clubs of America.

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