Raytheon 2011 Annual Report Download - page 4

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VALUES
VISION STRATEGY GOALS
largest percentage of international sales among our peer
companies, with sales in 81 countries.
During the year, we continued to execute our balanced
approach to capital deployment. We repurchased 27.1
million shares of common stock for approximately $1.3
billion. We also increased our dividend by 15 percent in
2011 – the seventh consecutive year with an increase.
A WELL-ALIGNED PORTFOLIO
Our solid results speak to the execution of our strategy.
With some 8,000 programs and more than 15,000
contracts, Raytheon is well positioned with a portfolio
of depth and breadth spanning the five interconnected
domains of air, land, sea, space and cyberspace. We also
have a focus on delivering capabilities and solutions
that offer the best value.
In 2011, our affordable and innovative solutions were
well aligned with priority areas for both our domestic
and international customers, including Missile Defense,
Electronic Warfare, ISR (Intelligence, Surveillance, and
Reconnaissance), Cyber, Communications and Training.
In Missile Defense, we were awarded contracts to
upgrade Saudi Arabia’s Patriot™ Air and Missile Defense
System to the latest Configuration-3 and to provide
three new Patriot fire units for Taiwan. Marking the
first international sale of the product, the United Arab
Emirates ordered two AN/TPY-2 radars – the world’s
most advanced forward-looking, mobile radars and a
key sensing component of the THAAD missile defense
system. We also acquired the assets of Ktech Corpora-
tion as part of our strategy to extend and enhance our
offerings in the effects and electronic warfare markets.
The constantly changing global threat environment
drives demand for our ISR capabilities across military,
border control and humanitarian missions. We also
strengthened our advanced global ISR solutions with
the acquisition of Applied Signal Technology, Inc.
As the electronic warfare market evolves from one
largely aimed at self protection to one encompass-
ing a broader array of capabilities to include cyber,
signals intelligence, and electronic attack, Raytheon is
well positioned to participate at the forefront of these
trends. In 2011, we had significant bookings across the
spectrum of our EW product line, and continued to
mature the technology required for multiple, near-term
competitive procurements.
In the cyber domain, we continued to grow our position,
and we further enhanced our decades of experience in
VISION |STRATEGY |GOALS |VALUES