Raytheon 2007 Annual Report Download - page 4

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building; an Advanced Spectroscopic Portal
screening system for identifying and interdicting
the illegal entry of nuclear devices and materials
into the U.S.; and a new air-launched missile
defense system, a key element of which was
successfully tested in a boost-phase intercept.
A Year of Recognition It was also a year of recognition
in a number of areas. We received the Secretary
of Labor’s Opportunity Award, the government’s
highest award for outstanding and innovative
workplace diversity efforts by federal contractors.
We were selected as a 2007 ENERGY STAR®
Partner of the Year by the U.S. Environmental
Protection Agency (EPA) for leadership and
achievements in energy management and
conservation. And we were awarded a 100
percent score, for the third consecutive year, on
the Corporate Equality Index from the Human
Rights Campaign Foundation. Raytheon was the
fi rst aerospace and defense company to achieve
a 100 percent score.
In addition, our Integrated Defense Systems’
Integrated Air Defense Center in Andover,
Massachusetts, and our Missile Systems’ facility
in Camden, Arkansas, received North American
Shingo Prizes for Operational Excellence for
2008, and our Missile Systems–Louisville facility
received a North American award in 2007. Our
Integrated Defense Systems’ Maritime Mission
Center in Portsmouth, Rhode Island, was
awarded a Northeast Shingo Prize in 2007.
The company was also pleased to receive a
ranking as one of the “Rising 10 Homeland
Security Companies” by HSToday, as well as
a ranking among the 50 “Best Places to Launch
a Career” by BusinessWeek. In December 2007,
Raytheon was awarded the “Best Managed
Company” designation in America’s aerospace
and defense industry by Forbes in its latest
annual survey of the 400 Best Big Companies
in America.
Strategy Going Forward The company’s program
awards and recognition in 2007 highlight the
execution of our strategy, our technology, our
systems engineering expertise and our world-class
talent. I’d like to thank the 72,000 members
of the Raytheon team for a job well done.
Our strategy going forward is to:
– Focus on key strategic pursuits, Technology
and Mission Assurance to protect and grow
our position in our four core defense markets:
Sensing, Effects, C3I (Command, Control,
Communications and Intelligence) and
Mission Support.
– Leverage our domain knowledge in these core
defense markets, as well as in Mission Systems
Integration, Homeland Security and Information
Assurance/Information Operations.
– Expand our international business by increasing
defense sales and seeking adjacent opportunities.
– Be a Customer Focused company based
on Performance, Relationships and Solutions.
Securing the Future of Our Technical Talent Pipeline As
a technology company, Raytheon believes it is
of strategic importance to secure the technical
talent pipeline for the future. Toward this end, the
company is pursuing a multi-pronged approach
to support math and science education.
One pillar of this effort is MathMovesU® (MMU),
a Raytheon initiative to encourage middle school
students to develop and sustain an interest in
math and science. Our MMU website has drawn
more than half a million visitors, and our
community outreach effort has engaged more
than 25,000 students and more than 3,000
Raytheon volunteers.
We support the Aerospace Industries Association’s
Workforce Initiative to bring industry representa-
tives into the curriculum development process and
the FIRST Robotics program through team