Raytheon 2006 Annual Report Download - page 51

ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
Raytheon and its subsidiaries operate in a number of plants, laboratories, warehouses and office facilities in the United
States and abroad.
As of December 31, 2006, we owned, leased and utilized approximately 38.5 million square feet of floor space for
manufacturing, engineering, research, administration, sales and warehousing, approximately 94% of which was located in
the United States. Of such total, approximately 44% was owned (or held under a long term ground lease with ownership
of the improvements), approximately 52% was leased and approximately 4% was made available under facilities contracts
for use in the performance of U.S. Government contracts. Of the 38.5 million square feet of floor space owned and leased
by us, approximately 2,408,715 square feet was subleased to unrelated third parties. In addition to the 38.5 million square
feet, we had approximately 229,716 square feet of floor space that was vacant.
There are no major encumbrances on any of our facilities other than financing arrangements which in the aggregate are
not material. In the opinion of management, our properties have been well maintained, are suitable and adequate for us
to operate at present levels, and the productive capacity and extent of utilization of the facilities are appropriate for our
existing real estate requirements.
As of December 31, 2006, our business segments had major operations at the following locations:
ⳮIntegrated Defense Systems—Huntsville, AL; San Diego, CA; Andover, MA; Sudbury, MA; Tewksbury, MA;
Woburn, MA; Portsmouth, RI; Poulsboro, WA; and Kiel, Germany.
ⳮIntelligence and Information Systems—Aurora, CO; Landover, MD; Linthicum, MD; Omaha, NE; State College, PA;
Garland, TX; Falls Church, VA; Reston, VA; and Springfield, VA.
ⳮMissile Systems—East Camden, AR; Tucson, AZ; Rancho Cucamonga, CA; Louisville, KY; and Farmington, NM.
ⳮNetwork Centric Systems—Fullerton, CA; Goleta, CA; Largo, FL; St. Petersburg, FL; Ft. Wayne, IN; Marlboro, MA;
Towson, MD; Dallas, TX; McKinney, TX; Plano, TX; Richardson, TX; Sherman, TX; Midland, Ontario, Canada; and
Waterloo, Ontario, Canada; and Harlow, England.
ⳮSpace and Airborne Systems—El Segundo, CA; Goleta, CA; Forest, MS; Dallas, TX; and Glenrothes, Scotland.
ⳮTechnical Services—Chula Vista, CA; Long Beach, CA; Pomona, CA; Van Nuys, CA; Indianapolis, IN;
Burlington, MA; Norfolk, VA; Reston, VA and Canberra, Australia.
ⳮOther—Troy , MI; Richmond Heights, OH; and Salina, KS.
ⳮAircraft—Little Rock, AR; Salina, KS; Wichita, KS and Dallas, TX.
ⳮAdministration and Services—Billerica, MA; Waltham, MA; Garland, TX; and Arlington, VA.
A summary of the space owned, leased and utilized by us as of December 31, 2006, by business segment is as follows:
Leased Owned(1)
Gov’t
Owned Total(2)
Integrated Defense Systems 2,332,256 2,832,493 175,204 5,339,953
Intelligence and Information Systems 2,663,328 980,754 — 3,644,082
Missile Systems 2,938,740 964,332 1,251,414 5,154,486
Network Centric Systems 2,374,944 3,696,549 2,036 6,073,529
Space and Airborne Systems 3,330,078 3,873,966 — 7,204,044
Technical Services 3,066,886 184,388 160,666 3,411,940
Aircraft(3) 2,395,937 3,784,981 — 6,180,918
Other 484,488 18,672 — 503,160
Administration and Services 573,225 396,236 — 969,461
Totals 20,159,882 16,732,371 1,589,320 38,481,573
(1) Ownership may include either fee ownership of land and improvements or a long term land lease with ownership of improvements.
(2) Excludes approximately 229,716 square feet of vacant space.
(3) Primarily consists of space which is included in the pending sale of Raytheon Aircraft.
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