Raytheon 2010 Annual Report Download - page 31

December 31, 2010, we had approximately $80 million in letters of credit and approximately $70 million of receivables
and other assets remaining under the program for technology and services delivered, which we believe, are probable of
recovery in litigation or arbitration. No amounts have been drawn down on the letters of credit. We currently do not
believe it is probable that we are liable for losses, previous payments or other claims asserted by the UK Border Agency.
Due to the inherent uncertainties in litigation and arbitration as noted above, and the complexity and technical nature of
potential claims and counterclaims, as well as the resolution of the related matters involving subcontractors, it is
reasonably possible that the ultimate amount of any resolution of the termination could be less or greater than our
estimate and at this time, we are unable to estimate a range of the potential difference in such amounts, if any. If we are
unsuccessful in recovering amounts drawn on the letters of credit, if any, fail to collect the receivable balance, are required
to make payments against claims or other losses asserted by the UK Border Agency or pay subcontractor claims in excess
of our estimates made in connection with the adjustment in the second quarter of 2010 described above, it could have a
material adverse effect on our financial position, results of operations or liquidity.
In addition, various other claims and legal proceedings generally incidental to the normal course of business are pending
or threatened against us. While we cannot predict the outcome of these matters, in the opinion of management, any
liability arising from them will not have a material adverse effect on our financial position, results of operations or
liquidity.
ITEM 4. (REMOVED AND RESERVED)
EXECUTIVE OFFICERS OF THE REGISTRANT
Our executive officers are listed below. Each executive officer was elected by our Board of Directors to serve for a term of
one year and until his or her successor is elected and qualified or until his or her earlier removal, resignation or death.
Daniel J. Crowley
Mr. Crowley has served as Vice President of Raytheon Company and President of the Network Centric Systems (NCS)
business unit since December 2010. From November 2010 to December 2010, he was President of the NCS business unit.
Prior to joining Raytheon, Mr. Crowley spent 27 years in various management positions of increasing responsibility at
Lockheed Martin Corporation, a global security and information technology company. From June 2010 to November
2010, Mr. Crowley served as chief operating officer of Lockheed Martin Corporation’s Aeronautics business unit and
from May 2005 to June 2010, he served as executive vice president and general manager of the F-35 Joint Strike Fighter
program. Age 48.
Lynn A. Dugle
Ms. Dugle has served as Vice President of Raytheon Company and President of the Intelligence and Information Systems
(IIS) business unit since January 2009. From June 2008 to December 2008, she was Vice President and Deputy General
Manager of the IIS business unit. From April 2004 to June 2008, she served as Vice President, Engineering, Technology
and Quality for the Network Centric Systems business unit. Prior to rejoining Raytheon in April 2004, Ms. Dugle held a
wide range of officer-level positions with ADC Communications, Inc., a global provider of network infrastructure
products and services. Age 51.
Richard A. Goglia
Mr. Goglia has served as Vice President and Treasurer since January 1999. From August 2006 to May 2009, Mr. Goglia
also served as Vice President—Corporate Development. Prior to joining Raytheon in March 1997, Mr. Goglia spent 16
years in various financial and management positions at General Electric Company, a diversified technology, media and
financial services company, and General Electric Capital Corporation where his last position was Senior Vice President—
Corporate Finance. Age 59.
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