Raytheon 2009 Annual Report Download - page 5

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World-Class Talent and Technology
As we focus on customer success, it is essential that we retain,
attract and develop world-class talent. We are doing so, and we
were honored to have been named to Fortune® Magazine’s 2009
list of the Top 25 Companies for Leaders in North America,
reinforcing our efforts in all aspects of leadership development.
We are committed to treating employees with respect, to
leveraging our diversity efforts as a competitive advantage,
and to continuing our leadership in diversity. For the
fifth consecutive year, the company achieved a score of
100 percent on the Human Rights Campaign® Corporate
Equality Index, recognizing our achievements in creating
an inclusive and open environment.
Securing the STEM Talent Pipeline
We also believe it is important to continue to demonstrate
leadership in helping secure the science, technology,
engineering and mathematics (STEM) pipeline for the
future. In 2009, Raytheon’s MathMovesU® program
achieved several milestones in our efforts to inspire students
to develop and sustain an interest in math and science:
We opened the Sum of all Thrills™ interactive experience
at Epcot® at the Walt Disney World® Resort, which enables
students of all ages to custom-design their own virtual ride
using mathematical tools and then experience the ride in a
robotic simulator; we demonstrated the STEM Education
Model, a simulation and modeling tool that we gifted to the
Business-Higher Education Forum for use by researchers,
policymakers and educators to explore ways to strengthen
STEM outcomes; and we served as the title sponsor of the
MATHCOUNTS® National Competition, hosting 228 of the
nation’s top middle school math students in a competition
that was every bit as intense as a sports playoff game.
Equally gratifying was the tremendous turnout of Raytheon
volunteers in support of 180 MathMovesU-related events
throughout the year, events that reached more than 50,000
students and an equal number of parents and teachers. Our
community efforts have never been stronger.
Corporate Responsibility
Corporate responsibility is reflected in the things we stand
for as a company — in, for example, our sound corporate
governance framework and our innovative ethics education
initiatives. In 2009, we built on our established engagement
around ethics education by introducing the “Ethics
Checkpoint” decision-making tool.
Corporate responsibility means valuing people, providing
our employees with a healthy and safe work environment.
Raytheon’s Mission:Health program offers comprehensive
health and wellness services and resources to employees and
their families. Our workplace safety activities are guided by
one overriding goal: to achieve an injury-free workplace.
Our 2009 injury rates were the lowest ever achieved at
Raytheon, but we will not be satisfied until we reach our
ultimate goal of zero injuries.
Corporate responsibility means sustainability: our commit-
ment to future generations to protect our environment and
conserve natural resources. Sustainability takes many forms
at Raytheon including eliminating waste, recycling, conserv-
ing energy, reducing greenhouse gas emissions and develop-
ing environmental solutions. In early 2010, Raytheon
received for the third year in a row the U.S. Environmental
Protection Agency’s/Department of Energy’s ENERGY
STAR® Sustained Excellence Award, the highest honor given
to ENERGY STAR partners. In 2009, energy consumption
declined on an absolute basis by almost 3 percent, and it has
declined 13 percent since 2002. When measured on a “per
dollar revenue” basis, the company reduced its energy use
by 10 percent in 2009 and by 38 percent since 2002. This is a
journey and every step forward is a step that matters. To this
end, the front portion of our Annual Report is considerably
shorter this year and therefore more eco-friendly. I would
invite you to visit Raytheon.com to learn more about our
systems and services.
Vision, Strategy, Goals and Values
All that we strive to accomplish in the year ahead starts with
our VSGVs. This is the foundation of our commitment to
the safety and success of our men and women in uniform
and all of our customers around the world. This is also the
foundation for our focus on the success of our shareholders,
employees, communities, and all of our stakeholders.
Our Vision is “to be the most admired defense and
aerospace systems supplier through world-class people and
technology.” Our company is 88 years young. We know that
we are involved in something larger than ourselves, and you
have our commitment that the entire Raytheon team — now
75,000 strong — will work our hardest to continue to earn
your confidence.
A proud member of the Raytheon team for 38 years,
William H. Swanson
Chairman and Chief Executive Officer
March 2010
STRATEGY GOALSVALUES
VISION