Raytheon 2006 Annual Report Download - page 50

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traffic management systems. In some, but not all, circumstances, we may receive indemnification from the U.S.
government. While we maintain insurance for certain risks, the amount of our insurance coverage may not be adequate
to cover all claims or liabilities, and it is not possible to obtain insurance to protect against all operational risks and
liabilities. Accordingly, we may be forced to bear substantial costs resulting from risks and uncertainties of our business
which would negatively impact our results of operations and financial condition.
New accounting standards could result in changes to GAAP that could impact our reported results of operations, financial
condition and other financial measures.
From time to time, the Financial Accounting Standards Board, the SEC and other regulatory bodies may issue new and
revised standards, interpretations and other guidance that change Generally Accepted Accounting Principles in the
United States (GAAP). The effects of such changes may include prescribing an accounting method where none had been
previously specified, prescribing a single acceptable method of accounting from among several acceptable methods that
currently exist, or revoking the acceptability of a current method and replacing it with an entirely different method,
among others. Such changes to GAAP could impact our reported results of operations, financial condition and other
financial measures.
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