Raytheon 2012 Annual Report Download - page 6

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throughout the company. Now we have the flexibility to quickly react to customer needs
by using our common systems to seamlessly move work across the company, which we
believe gives us a competitive advantage.
The Strength of the Raytheon Culture
We also draw strength from our strong Raytheon culture which marked many milestones
in 2012.
Raytheon continued to deploy best-in-class Environmental, Health and Safety programs,
and the company had the safest year in its history. Our recordable injury rate improved
8.6% over 2011. These results are industry leading and are a product of our world-class
processes and operating discipline.
In the area of diversity, the company once again achieved a 100-percent score on the
Human Rights Campaign (HRC) Corporate Equality Index, marking the eighth consecu-
tive year we have achieved this recognition.
We increased our support of science, technology, engineering and mathematics (STEM)
education with the launch of MathAlive!™, an interactive museum experience that
explores exciting math-powered activities. The traveling exhibit, which debuted at the
Smithsonian in Washington, D.C., is now on a multi-year tour of science centers and
museums across the United States.
Our community relations efforts were recognized by the National Conference on
Citizenship and Points of Light, when they named Raytheon one of America’s most
community-minded companies in The Civic 50 – the first scientific evaluation used to
rank companies that best use their time, talent and resources to improve the quality of
life where they do business.
Collectively, these achievements reflect the strength of Raytheon’s Vision, Strategy,
Goals and Values (VSGVs) as principles that bind each of our employees together with a
common mission of customer success.
Ready for the Future
Our proud past and 2012 success would not have been possible without our people.
They are world class, innovative and constantly leaning forward. Rallied around the solid
foundation of our VSGVs, they are capable of truly amazing things; as we have seen
from our history, things that were once thought impossible.
As we look ahead, there are always challenges. However, it is important to remember
that this is not the first downturn we have faced. Our U.S. government customers have
been operating under various continuing resolutions and the threat of sequestration
for a while now, and the company continues to perform well. This is a testament to the
strength of our strategy, leadership and the operating talent across the company.
We believe we have a proven strategy that is well aligned to this environment and our
customers, both domestic and international, who still need our affordable and innova-
tive systems and solutions in a dangerous world.
For these reasons and more, we feel good about our position, our company and our future.
A proud member of the Raytheon team for 41 years,
WILLIAM H. SWANSON
CHAIRMAN AND
CHIEF EXECUTIVE OFFICER
MARCH 2013
VISION
STRATEGY
GOALS
VALUES