Raytheon 2009 Annual Report Download - page 27

funding such remediation. In the unlikely event that we are required to fund the entire cost of such remediation, the
statutory framework provides that we may pursue rights of contribution from the other PRPs. The amounts we record do
not reflect the unlikely event that we would be required to fund the entire cost of such remediation, nor do they reflect
the possibility that we may recover some of these environmental costs from insurance policies or from other PRPs,
because neither manner of recovery is deemed probable. However, a portion of these costs are eligible for future recovery
through the pricing of our products and services to the U.S. Government.
We manage various government-owned facilities on behalf of the U.S. Government. At such facilities, environmental
compliance and remediation costs have historically been primarily the responsibility of the government and we relied
(and continue to rely with respect to past practices) upon government funding to pay such costs. While the government
remains responsible for capital and operating costs associated with environmental compliance, responsibility for fines
and penalties associated with environmental noncompliance are typically borne by either the government or the
contractor, depending on the contract and the relevant facts. Fines and penalties are unallowable costs under the
contracts pursuant to which such facilities are managed.
Most of the laws governing environmental matters include criminal provisions. If we were convicted of a criminal
violation of certain federal environmental statutes, including the Federal Clean Air Act and the Clean Water Act, the
facility or facilities involved in the violation would be placed by the EPA on the “Excluded Parties List” maintained by the
Government Services Administration. The listing would continue until the EPA concluded that the cause of the violation
had been cured. Listed facilities cannot be used in performing any U.S. Government contract awarded during any period
of listing by the EPA.
Additional information regarding the effect of compliance with environmental protection requirements and the
resolution of environmental claims against Raytheon and its operations is contained in Item 1A “Risk Factors,” Item 3
“Legal Proceedings,” “Commitments and Contingencies” within Item 7 and “Note 11: Commitments and
Contingencies” within Item 8 of this Form 10-K.
Available Information
Our Internet address is www.raytheon.com. The content on our website is available for informational purposes only. You
should not rely upon such content for investment purposes and such content is not incorporated by reference into this
Form 10-K.
We make available free of charge on or through our Internet website under the heading “Investor Relations,” our annual
report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports as
soon as reasonably practicable after we electronically file such material with, or furnish it to, the Securities and Exchange
Commission. We also make available on or through our website copies of our key corporate governance documents,
including our Governance Principles, Certificate of Incorporation, By-laws and charters for the Audit Committee,
Management Development and Compensation Committee, Governance and Nominating Committee and Public Affairs
Committee of the Board of Directors and our code of ethics entitled “Standards of Business Ethics and Conduct”.
Stockholders may request free copies of these documents from our Investor Relations Department by writing to
Raytheon Company, Investor Relations, 870 Winter Street, Waltham, MA 02451, or by calling [phone] or by
sending an email request to [email protected].
ITEM 1A. RISK FACTORS
This Form 10-K and the information we are incorporating by reference contain forward-looking statements within the
meaning of federal securities laws, including information regarding our 2010 financial outlook, future plans, objectives,
business prospects, trends and anticipated financial performance including with respect to our liquidity and capital
resources, our pension expense and funding, our unrecognized tax benefits and the outcome of legal proceedings, claims,
investigations, commitments and contingencies, as well as information regarding domestic and international defense
spending and budgets. You can identify these statements by the fact that they include words such as “will,” “believe,”
“anticipate,” “expect,” “estimate,” “intend,” “plan,” or variations of these words, or similar expressions. These forward-
looking statements are not statements of historical facts and represent only our current expectations regarding such
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