Raytheon BBN (originally Bolt Beranek and Newman Inc.) is an American research and development company, based next to Fresh Pond in Cambridge, Massachusetts, United States. In 1966, the Franklin Institute awarded the firm the Frank P. Brown Medal, in 1999 BBN received the IEEE Corporate Innovation Recognition, and on 1 February 2013, BBN was awarded the National Medal of Technology and Innovation, the highest honors that the U.S. government bestows upon scientists, engineers and inventors, by President Barack Obama. It became a wholly owned subsidiary of Raytheon in 2009. History BBN has its roots in an initial partnership formed on 15 October 1948 between Leo Beranek and Richard Bolt, professors at the Massachusetts Institute of Technology. Bolt had won a commission to be an acoustic consultant for the new United Nations permanent headquarters to be built in New York City. Realizing the magnitude of the project at hand, Bolt had pulled in his MIT colleague Beranek for help and the partnership between the two was born. The firm, Bolt and Beranek, started out in two rented rooms on the MIT campus. Robert Newman joined the firm soon after in 1950, and the firm became Bolt Beranek Newman. Beranek remained the company's president and chief executive officer until 1967, and Bolt was chairman until 1976. From 1957 to 1962, J. C. R. Licklider served as vice president of engineering psychology for BBN. Foreseeing the potential to obtain federal grants for basic computer research, Licklider convinced the BBN leadership to purchase a then state-of-the-art Royal McBee LGP-30 digital computer in 1958 for US$25,000. Within a year, Ken Olsen, president of the newly formed Digital Equipment Corporation (DEC), approached BBN to test the prototype of DEC's first computer, the PDP-1. Within one month, BBN completed its tests and recommendations of the PDP-1. BBN ultimately purchased the first PDP-1 for around US$150,000 and received the machine in November 1960. After the PDP-1 arrived, BBN hired two of Licklider's friends from MIT, John McCarthy and Marvin Minsky, as consultants. McCarthy had been unsuccessful in convincing MIT engineers to build time-sharing systems for computers. He had more success at BBN though, working with Ed Fredkin and Sheldon Boilen in implementing one of the first timesharing systems, the BBN Time-Sharing System. In 1962, BBN would install one such time-shared information system at Massachusetts General Hospital where doctors and nurses could create and access patients' information at various