Raytheon 2012 Annual Report Download - page 9

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1
PART I
ITEM 1. BUSINESS
General
Raytheon Company, together with its subsidiaries, is a technology and innovation leader specializing in defense and other
government markets throughout the world. We provide state-of-the-art electronics, mission systems integration and other
capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems (C3I); as well
as a wide range of mission support services. We serve both domestic and international customers, principally as a prime
contractor on a broad portfolio of defense and related programs for government customers.
We were founded in 1922 and have grown internally and through a number of acquisitions. We are incorporated in the state
of Delaware. Our principal executive offices are located at 870 Winter Street, Waltham, Massachusetts 02451.
In this section, we describe our business, including our business segments, product lines, customers, operations and other
considerations.
Business Segments
We operate in six business segments:
– Integrated Defense Systems;
– Intelligence and Information Systems;
– Missile Systems;
– Network Centric Systems;
– Space and Airborne Systems; and
– Technical Services.
The following is a description of each of our business segments. As part of the description, we include a discussion of some
of the segment’s notable initiatives and achievements in 2012, such as certain key contract awards, new product introductions
and acquisitions. For a discussion of the financial performance of our business segments and other financial information, see
pages 48-66 of this Form 10-K.
Integrated Defense Systems (IDS)—IDS, headquartered in Tewksbury, Massachusetts, is a leader in integrated air and missile
defense, radar solutions, and naval combat and ship electronic systems. IDS delivers combat-proven performance against the
complete spectrum of airborne and ballistic missile threats and is a world leader in the technology, development and production
of sensors and mission systems. IDS provides solutions to the U.S. Department of Defense (DoD), its services and agencies,
and numerous international customers which represent approximately half of IDS’ business.
In 2012, IDS continued to successfully deliver on orders for international Patriot Air and Missile Defense Systems (Patriot
A&MD Systems) and domestic and international air and missile defense radars, and continued to serve as the prime mission
systems integrator for all electronic and combat systems of the U.S. Navy's Zumwalt-class destroyer program (DDG 1000).
IDS also continued to deliver on orders for airborne low frequency sonars and domestic and international torpedo programs,
including maintaining its position as the U.S. Navy's sole production supplier for lightweight torpedoes. The Missile Defense
Agency (MDA) and U.S. Air Force awarded IDS a contract for an updated early warning radar (UEWR) to provide targeting
data, in addition to early warning of missile launches and space surveillance. IDS also received a further contract from the
U.S. Army for engineering services for Patriot A&MD Systems.