Raytheon releases Corporate Responsibility Report

WALTHAM, Mass., May 31, 2012 /PRNewswire/ -- Raytheon Company (NYSE: RTN) released its 2011 Corporate Responsibility Report this month, highlighting the company's latest efforts in the areas of governance; ethics; engineering, technology and Mission Assurance; diversity; safety and wellness; sustainability; and community support. The report is available to view and download on Raytheon's website at http://www.raytheon.com/responsibility.

"Raytheon strives to be the best in all that we do, which is why we are proud to once again highlight our accomplishments benefiting shareholders, customers, employees and communities in our annual Corporate Responsibility Report," said Raytheon Chairman and CEO William H. Swanson. "In 2011, we achieved our safest year in company history and continued our strong focus on sustainability, ethics and diversity – a focus that we'll sharpen in 2012 as we set our sights even higher for achieving excellence in corporate responsibility practices."

Among numerous efforts outlined in the new report, Raytheon continues to be an environmental leader by setting measurable, absolute reduction goals. Raytheon now has 15 long-term sustainability goals in operations, supply chain, engineering, environmental, health and safety, and information technology -- all targeted for completion in 2015. Details of the 15 measurable sustainability goals are in the report and depicted in this infographic.

Other highlights of the company's commitment to corporate responsibility include:

• Governance: As the company continues to grow its international presence, Raytheon has brought a keen focus to key international policies, including those on due diligence for international suppliers, business travel and entertainment, and offset arrangements.
• Ethics: In 2011, employees completed more than 150,000 online compliance education modules covering many topics, including laws and regulations that impact government contractors.
• Engineering, Technology and Mission Assurance: Among many examples of how Raytheon is leveraging its defense technology in applications focused on sustainability and safety, the company provided its Common Ground System to manage nearly a terabyte of information daily to support enhanced environmental data records used by the National Oceanic and Atmospheric Administration and the U.S. Air Force Weather Agency to fulfill their critical weather forecasting responsibilities.
• Diversity: In 2011, regional Diversity Summits were held across the company to engage 800 middle managers in experiential learning focused on building critical diversity competencies.
• Safety and Wellness: Through 2011, 22 Raytheon locations have been recognized as Voluntary Protection Program "Star" certified by the Occupational Safety and Health Administration. Approximately half of Raytheon's employees work in these locations.
• Supporting Our Communities: Since 2005, Raytheon has invested $72 million in science, technology, engineering and mathematics (STEM) initiatives through MathMovesU® the company's flagship STEM program. In 2011, the company launched MathAlive!™, a traveling interactive exhibit that brings to life the real math behind activities young students love most.

About Raytheon

Raytheon Company, with 2011 sales of $25 billion and 71,000 employees worldwide, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 90 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @raytheon.

Note to Editors

The Occupational Safety and Health Administration's Voluntary Protection Program (VPP) recognizes employers who have implemented effective safety and health management systems and maintain injury and illness rates below national Bureau of Labor Statistics averages for their respective industries.

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SOURCE Raytheon Company