Raytheon 2013 Annual Report Download - page 68

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58
In 2011, MS booked $1,402 million for the development of SM-3 for the MDA, $696 million for the production of AMRAAM®
for the U.S. Air Force and international customers, $393 million for production of ESSM™ for the U.S. Navy and international
customers, $374 million for Phalanx weapon systems for the U.S. Navy and international customers, $311 million for the
production of Excalibur for the U.S. Army, U.S. Marines, and an international customer, $270 million for the production of
Paveway™ for the U.S. Air Force and international customers, $237 million for the production of Standard Missile-2 (SM-2)
for the U.S. Navy and international customers, $225 million for a major classified program, $210 million for production of
SM-6 for the U.S. Navy, $191 million for the production of the Joint Stand-off Weapon (JSOW) for the U.S. Navy and
international customers, $152 million for the production of TOW® missiles for the U.S. Army, $146 million for the Long
Range Advanced Scout Surveillance Systems (LRAS3) program for the U.S. Army, $113 million for production of MALD®
for the U.S. Air Force and $71 million for the Thermal Weapon Sight (TWS) program for the U.S. Army.
Space and Airborne Systems
% Change
(In millions, except percentages) 2013 2012 2011
2013
compared
to 2012
2012
compared
to 2011
Total Net Sales $ 6,371 $ 6,823 $ 6,818 (6.6)% 0.1 %
Total Operating Expenses
Cost of sales—labor 2,446 2,452 2,507 (0.2)% (2.2)%
Cost of sales—materials and subcontractors 2,166 2,567 2,597 (15.6)% (1.2)%
Other cost of sales and other operating expenses 839 816 763 2.8 % 6.9 %
Total Operating Expenses 5,451 5,835 5,867 (6.6)% (0.5)%
Operating Income $ 920 $ 988 $ 951 (6.9)% 3.9 %
Operating Margin 14.4% 14.5% 13.9%
Change in Operating Income (in millions)
Year
Ended
2013
Versus
Year Ended
2012
Year Ended
2012
Versus Year
Ended 2011
Volume $(56)$(2)
Net change in EAC adjustments (46)79
Mix and other performance 34 (40)
Total Change in Operating Income $(68)$ 37
% Change
(In millions, except percentages) 2013 2012 2011
2013
compared
to 2012
2012
compared
to 2011
Bookings $ 5,996 $ 6,607 $ 6,045 (9.2)% 9.3%
Total Backlog 7,751 7,440 7,292 4.2 % 2.0%
SAS is a leader in the design and development of integrated sensor and communication systems for advanced missions,
including traditional and non-traditional 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, signals intelligence
systems, processors, electronic warfare systems, communication systems, and space-qualified systems for civil and military
applications. Key customers include the U.S. Navy, Air Force and Army, as well as classified and international customers.
Total Net Sales—The decrease in total net sales of $452 million in 2013 compared to 2012 was primarily due to lower net
sales of $197 million on certain classified programs and $119 million on certain intelligence, surveillance and reconnaissance
programs due to reduced program requirements.