Raytheon 2011 Annual Report Download - page 124

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
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Note 16: Business Segment Reporting
Our reportable segments, organized based on capabilities and technologies, are: Integrated Defense Systems, Intelligence and
Information Systems, Missile Systems, Network Centric Systems, Space and Airborne Systems and Technical Services.
IDS is a leading provider of integrated air and missile defense, radar solutions, and naval combat and ship electronic systems.
Through world class mission systems integration and technology expertise, IDS delivers combat-proven performance against
the complete spectrum of airborne and ballistic missile threats and is a world leader in large-scale radar development,
technology and production.
IIS is a leader in intelligence, surveillance and reconnaissance (ISR), advanced cyber solutions, and U.S. Department of
Defense (DoD) space, weather and environmental solutions. Approximately half of its business is for classified customers.
MS is a premier developer and producer of missile systems for the armed forces of the United States and other allied nations.
Leveraging its capabilities in advanced airframes, guidance and navigation systems, high-resolution sensors, targeting, and
netted systems, MS develops and supports a broad range of cutting-edge weapon systems, including missiles, smart munitions,
close-in weapon systems, projectiles, kinetic kill vehicles and directed energy effectors.
NCS is a leading provider of net-centric enabled mission solutions for federal, state and local government and civil customers.
NCS leverages its capabilities in networking, sensors, command and control, and communications to develop and produce
solutions for customers in key markets such as U.S. Army modernization, international and domestic homeland security, civil
communications, and transportation solutions.
SAS is a leader in the design and development of integrated systems and solutions for advanced missions, including traditional
and non-traditional intelligence, surveillance and reconnaissance (ISR), precision engagement, unmanned aerial operations
and space. Leveraging advanced concepts, state-of-the-art technologies and mission systems knowledge, SAS provides electro-
optical/infrared sensors, airborne radars for surveillance and fire control applications, lasers, precision guidance systems,
processors, electronic warfare systems and space-qualified systems for civil and military applications.
TS provides a full spectrum of technical, scientific and professional services to defense, federal, international and commercial
customers worldwide. It specializes in training, logistics, engineering services and solutions, product and operational support
services for the mission support, homeland security, space, civil aviation, counter proliferation and counterterrorism markets.
Segment total net sales and operating income generally include intersegment sales and profit recorded at cost plus a specified
fee, which may differ from what the selling entity would be able to obtain on sales to external customers. Corporate and
Eliminations includes corporate expenses and intersegment sales and profit eliminations. Corporate expenses represent
unallocated costs and certain other corporate costs not considered part of management’s evaluation of reportable segment
operating performance, including the net costs associated with our residual turbo-prop commuter aircraft portfolio.
Segment financial results were as follows:
Total Net Sales (In millions)
Integrated Defense Systems
Intelligence and Information Systems
Missile Systems
Network Centric Systems
Space and Airborne Systems
Technical Services
Corporate and Eliminations
Total
2011
$ 4,958
3,015
5,590
4,497
5,255
3,353
(1,811)
$24,857
2010
$ 5,470
2,757
5,732
4,918
4,830
3,472
(1,996)
$25,183
2009
$ 5,525
3,204
5,561
4,822
4,582
3,161
(1,974)
$24,881