Raytheon 2004 Annual Report Download - page 46

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28
Historically, the defense of punitive damage claims has been undertaken and paid by insurance carriers. Under the
law of some states, however, insurers are not required to respond to judgments for punitive damages. Nevertheless,
to date no judgments for punitive damages have been sustained.
Various other claims and legal proceedings generally incidental to the normal course of business are pending or
threatened on behalf of or against the Company. While the Company cannot predict the outcome of these matters,
in the opinion of management, any liability arising from them will not have a material adverse effect on the
Company’s financial position, liquidity or results of operations after giving effect to provisions already recorded.
Item 4. Submission of Matters to a Vote of
Security Holders
No matters were submitted to a vote of security holders during the fourth quarter of 2004.
Item 4(A). Executive Officers of the Registrant
The executive officers of the Company are listed below. Each executive officer was elected by the Board of Directors
to serve for a term of one year and until his or her successor is elected and qualified or until his or her earlier
removal, resignation or death.
Thomas M. Culligan: Senior Vice President – Business Development of Raytheon Company and CEO of Raytheon
International, Inc. since March 2001. From 2000 to March 2001, Mr. Culligan was Vice President and General
Manager of Defense and Space at Honeywell International Inc. From 1994 to 2000, Mr. Culligan held various
positions at Allied Signal, including Vice President and General Manager, Vice President – Europe, Africa and the
Middle East – Marketing, Sales and Service unit and President of Government Operations. Prior to joining Allied
Signal, he held executive positions at McDonnell Douglas. Age 53.
Bryan J. Even: Vice President of Raytheon Company since April 2002 and President of Raytheon Technical Services
Company LLC (RTSC) since October 2001. Before assuming leadership of RTSC, Mr. Even had oversight for the
Engineering and Production Support business unit in Indianapolis, formerly the Naval Air Warfare Center, from
1999 to 2001. From 1998 to 1999, Mr. Even was Director of East Coast Depot Operations for RTSC. Prior thereto,
he was the Deputy General Manager of the Engineering and Depots Group of Raytheon Service Company. Age 44.
Louise L. Francesconi:Vice President of Raytheon Company and President of the Missile Systems business unit since
September 2002. From November 1999 to September 2002, Ms. Francesconi was a vice president of Raytheon
Company and General Manager of the Missile Systems division within the Electronic Systems business unit. From
February 1998 to November 1999, she was Senior Vice President of the former Raytheon Systems Company and
Deputy General Manager of the company’s Defense Systems segment. Ms. Francesconi joined Raytheon in 1997 with
the merger of Hughes, where she had served as the President of the Hughes Missile Company since 1996. Age 51.
Charles E. Franklin:Vice President of Raytheon Company leading the Raytheon Company Evaluation Team since
September 2003. Mr. Franklin was President of the Integrated Defense Systems (IDS) business unit from September
2002 to September 2003. From 1998 to September 2002, Mr. Franklin was Vice President and General Manager of
the Air and Missile Defense Systems division within the Electronic Systems business unit. From 1996 to 1998, Mr.
Franklin was Vice President, Programs and Mission Success at Lockheed Martin Sanders Company. Age 66.
Richard A. Goglia:Vice President and Treasurer since January 1999. Mr. Goglia joined the Company in March
1997 and until January 1999, Mr. Goglia was Director, International Finance. Prior to joining the Company, Mr.
Goglia spent 16 years in various financial and management positions at General Electric and General Electric
Capital Corporation where his last position was Senior Vice President – Corporate Finance. Age 53.