Raytheon 2010 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,
2010.
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, 2010 were effective.
Inherent Limitations on Effectiveness of Controls—In designing and evaluating our disclosure controls and procedures,
management recognizes that any control, 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 our internal control
over financial reporting as of December 31, 2010 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 2010 that have materially affected or are reasonably likely to materially affect our
internal control over financial reporting.
Subsequent to the fourth quarter of 2010, our Technical Services segment migrated to the Company’s common
Enterprise Resource Planning (ERP) systems.
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 2011
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.
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