Raytheon Technologies commits $4 million to Purdue for named chair position at new School of Business

WEST LAFAYETTE, Ind. — Purdue University has announced that Raytheon Technologies Corp. (RTX) had committed $4 million to the university for a named chair position in the university’s reimagined School of Business.

RTX is one of the largest aerospace and defense manufacturers in the world, and this partnership aims to expand the longstanding relationship between Purdue and RTX, according to a release.

This new chair position will be named the Raytheon Technologies Chair in Integrated Business and Engineering (IBE), which will help lead Purdue’s recently inaugurated IBE program in the university’s new School of Business.

In late September 2022, Purdue announced plans to create a new School of Business in place of the school’s current School of Management to address the growing demand from students hoping to join the program. The new school will be doubling the size of its existing building and expanding the number of faculty and student enrollment.

“This partnership with Raytheon Technologies represents a significant achievement for Purdue and our new business school,” said Mung Chiang, president of Purdue University.

Incoming Purdue President Mung Chiang speaks during the Heartland Summit, Tuesday, Aug. 30, 2022, at Union Club Hotel in West Lafayette, Ind.

“Our goal is to develop a world-class business school through this relaunch, one that develops leaders at the intersection of business and technology who can create growth and make breakthroughs.”

Raytheon is a top employer of Purdue students, and many of their employees are enrolled at Purdue, with approximately 30 engineers who began taking courses in the business school’s executive training program in 2022.

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