Raytheon 2007 Annual Report Download - page 124

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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
Evaluation of Disclosure Controls and Procedures—Management has conducted an evaluation, under the supervision
and with the participation of the Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design
and operation of our disclosure controls and procedures (as defined in Rules 13a– 15(e) and 15d–15(e) of the Securities
Exchange Act of 1934) as of December 31, 2007.
Conclusion of Evaluation
Based on this evaluation, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls
and procedures as of December 31, 2007 were effective.
Inherent Limitations on Effectiveness of Controls
In designing and evaluating our disclosure controls and procedures, management recognizes that any controls, no matter
how well designed and operated, can provide only reasonable, not absolute, assurance of achieving the desired control
objectives. Due to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance
that misstatements due to error or fraud will not occur or that all control issues and instances of fraud, if any, within the
Company have been detected.
Evaluation of Internal Control Over Financial Reporting
Management’s Report on Internal Control Over Financial Reporting—Management’s Report on Internal Control Over
Financial Reporting is set forth in Part II, Item 8 of this Annual Report on Form 10-K.
Attestation Report of the Independent Registered Public Accounting Firm—The effectiveness of the Company’s internal
control over financial reporting as of December 31, 2007 has been audited by PricewaterhouseCoopers LLP, an
independent registered public accounting firm, as stated in their report which is set forth in Part II, Item 8 of this Annual
Report on Form 10-K.
Changes in Internal Control Over Financial Reporting—There were no changes in our internal control over financial
reporting during the fourth quarter of 2007 that have materially affected, or are reasonably likely to materially affect our
internal control over financial reporting.
ITEM 9B. OTHER INFORMATION
None.
PART III
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Information regarding members of our Board of Directors is contained in our definitive proxy statement for the 2008
Annual Meeting of Stockholders under the caption “Election of Directors” and is incorporated herein by reference.
Information regarding our executive officers is contained after Part I of this Form 10-K. Information regarding
Section 16(a) compliance is contained in our definitive proxy statement under the caption “Section 16(a) Beneficial
Ownership Reporting Compliance” and is incorporated herein by reference. Information regarding our Audit Committee
and our Audit Committee Financial Expert is contained in our definitive proxy statement under the caption “The Board
of Directors and Board Committees” and is incorporated herein by reference.
We have adopted a code of ethics that applies to all of our directors, officers, employees and representatives. Information
regarding our code of ethics is contained in our definitive proxy statement for the 2008 Annual Meeting of Stockholders under
the caption “Corporate Governance—Code of Ethics and Conflicts of Interest” and is incorporated herein by reference.
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