Raytheon 2004 Annual Report Download - page 60

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42
Commuter aircraft customers are generally thinly capitalized companies that are dependent on the commuter
aircraft industry. A downturn in this industry could have a material adverse effect on these customers and the
Company. At December 31, 2004 and December 31, 2003, the Company’s exposure on commuter aircraft-related
assets was approximately $560 million consisting of 297 aircraft and approximately $650 million consisting of 349
aircraft, respectively.
Backlog at December 31 (In millions) 2004 2003 2002
Integrated Defense Systems $ 6,628 $ 6,526 $ 5,011
Intelligence and Information Systems 3,913 3,899 3,540
Missile Systems 8,341 5,028 3,509
Network Centric Systems 3,595 3,259 2,853
Space and Airborne Systems 5,216 4,865 4,523
Technical Services 1,918 1,510 1,603
Aircraft 2,638 2,279 4,396
Other 294 176 231
Total $32,543 $27,542 $25,666
U.S. government backlog included above $25,525 $21,353 $18,254
Funded Backlog at December 31 (In millions) 2004 2003 2002
Integrated Defense Systems $ 3,454 $ 3,318 $ 2,375
Intelligence and Information Systems 770 655 595
Missile Systems 4,517 4,069 3,263
Network Centric Systems 2,627 2,488 2,293
Space and Airborne Systems 3,127 3,801 3,229
Technical Services 976 858 817
Aircraft 2,638 2,279 4,259
Other 294 176 231
Total $18,403 $17,644 $17,062
Funded backlog excludes U.S. and foreign government contracts for which funding has not been appropriated.
Gross Bookings (In millions) 2004 2003 2002
Integrated Defense Systems $ 3,494 $ 4,344 $ 2,987
Intelligence and Information Systems 2,191 2,371 2,478
Missile Systems 7,179 5,117 3,110
Network Centric Systems 3,230 3,118 2,582
Space and Airborne Systems 3,901 3,619 2,372
Technical Services 1,872 1,398 1,339
Aircraft 3,081 2,207 2,953
Other 752 519 99
Total $25,700 $22,693 $17,920
In 2004, Missile Systems booked $2.1 billion for the Kinetic Energy Interceptor system contract. In 2003 there
were strong bookings across the defense businesses, particularly several large contract awards at Integrated Defense
Systems and Missile Systems.
 
In 2000, the Company sold its Raytheon Engineers & Constructors businesses (RE&C) to Washington Group
International, Inc. (WGI). In May 2001, WGI filed for bankruptcy protection. As a result, the Company was
required to perform under various contract and lease obligations in connection with a number of different projects