Raytheon 2011 Annual Report Download - page 5

Download and view the complete annual report

Please find page 5 of the 2011 Raytheon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 140

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140

AIR |LAND |SEA |SPACE |CYBER
cybersecurity, information operations and information
assurance with the acquisitions of Henggeler Computer
Consultants, Inc., and Pikewerks Corporation.
We are broadening our market presence in command
and control, and communications by delivering the
power of the network to global customers in growth
markets like air traffic management and public safety.
We expanded our market-leading training capabilities
into new commercial areas and geographies, including
healthcare throughout the U.S., and vocational training
in Europe and Asia.
CONTROLLING WHAT WE CAN CONTROL
In a challenging and fluid environment, the Raytheon
team has been focused on the things we can control. This
called for us to deliver more affordable and innovative
solutions while reducing our costs, implementing effi-
ciencies and operating with improved speed and agility.
With our U.S. government customers being asked to
do more with less, we are working closely with them to
reduce costs, shorten timelines and improve efficiency,
while passing back savings to them.
We have streamlined our supply chain, reduced over-
head and optimized utilization. Our companywide,
integrated enterprise platform of common processes
and systems spans all major functions: Finance, Supply
Chain, Contracts and Human Resources, as well as
Manufacturing and Engineering.
This emphasis on efficiencies is not new. It has been
part of a multiyear strategy and, in 2011, our integrated
enterprise platforms supported more than 85 percent
of our business transactions, supply spend and
manufacturing volume – helping drive our cost-
efficiency efforts.
With our culture of continuous improvement, these
efforts are never truly done. We will continue to look
for, and drive efficiencies across the company.
COMMITTED TO CORPORATE RESPONSIBILITY
We also take a long view with our corporate responsibil-
ity commitments – to future generations, to our com-
munities and to our people.
In 2011, we further strengthened our commitment to
inspiring students toward rewarding careers in science,
technology, engineering and mathematics. Our signa-
ture MathMovesU® program has now touched the lives
of more than 3 million students, teachers and parents.
These efforts were bolstered by the engagement of