Raytheon Company

July 14, 2011 – 7:05 pm

Raytheon CompanyBusiness Profile
Raytheon Company is incorporated under the laws of State of Delaware and is headquartered in Waltham, Massachusetts. The Company was established in 1922. The Company got merged with HE Holdings, Inc. in 1997. The Company’s common stock is registered and listed on the New York Stock Exchange under the ticker “RTN”.

Raytheon Company is one the largest player in the government and defense electronics, information technology, space and technical services. The Company engages in designing, developing, manufacturing and integration as well as providing a broad portfolio of technologically advanced services, solutions and products for commercial and governmental customers in US and internationally. The Company acts as a first contractor or key subcontractor on a variety of defense programs for the US government. The US government accounted for nearly 84% of the Company’s total net sales in 2006. The Company also serves US military, the North Atlantic Treaty Organization and many governments on various continents.

In December 2006, the Company divested, through a definitive agreement, its fully owned subsidiary, Raytheon Aircraft Company. Raytheon Aircraft Company constituted substantially all of the Company’s Aircraft business segment.

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The Company’s key services, solutions and products include:

• Sensing, this includes radio-frequency systems and radars and electro-optical and infrared sensors and systems.

• Command, Control, Communication and Intelligence (C3I), this includes command & control and intelligence systems, and tactical communication.

• Effects, this includes missiles, information operations and precision weapons.

• Mission Support, this includes full life-cycle training and services.

Financial Performance: The Company’s worldwide net sales increased 6.8% to $20.3 billion in 2006 from $19
Billion in 2005 mainly owing to higher sales at Missile Systems, Network Centric Systems and Integrated Defense Systems. Raytheon Company’s operating income increased 21.7% to $1,840 million in 2006 from $1,512 million in 2005. The Company’s operating profit margin improved to 9.0% in 2006 from 7.9% in 2005.

The Company’s net income increased 47.3% to $1,283 million in 2006 from $871 million in 2005. Raytheon Company’s net income margin also increased to 6.3% in 2006 from 4.6% in 2005.

The Company has organized itself into six primary businesses: Integrated Defense Systems, Intelligence and Information Systems, Missile Systems, Network Centric Systems, Space and Airborne Systems and Technical Services.

Integrated Defense Systems: The segment has its executive office in Tewksbury, Massachusetts. Integrated Defense Systems provides integrated joint battlespace and homeland security solutions. The segment utilizes its strengths in control, command, and effects to deliver mission critical solutions for air defense, ballistic missile defense, naval and maritime, and homeland security systems.

The segment significantly expanded its international business in 2006, especially through its Patriot Missile & Air Defense System. IDS uses its advanced technology to provide spectroscopic portal nuclear detectors. The segment’s major clients include the US Army, Navy, Air Force and Marine Corps, the US Missile Defense Agency and the Department of Homeland Security. Its major international clients include Saudi Arabia, Japan, Australia, Taiwan, the United Kingdom and Germany.

The segment comprises following business units: Future Naval Capability, a leading US Navy’s Open Architecture initiative; Integrated Air Defense, which offers integrated whole-life air defense systems; Missile Defense, which offers intelligence support and joint system solutions for ballistic missile defense; International Operations, which offers whole life solutions and systems to major international clients; Maritime Mission Systems, which offers a wide range of effectors and sensors for mine warfare mission and anti-submarine; Joint Battlespace Integration, which offers integrated capabilities in multi-domain awareness and surveillance, information fusion and knowledge management.

Intelligence and Information Systems: The segment is headquartered in Garland, Texas and provides tactical and national intelligence systems and information services to US as well as international government customers. The segment offers integrated ground systems for image and signal intelligence and climate and weather systems, control and command solutions for air / space platforms, operations, maintenance and engineering solutions, and homeland security and information technology solutions.

The segment is comprised of:

• Strategic Intelligence Systems

• National Systems

• Space Systems

• Operational Technologies and Solutions

• Raytheon Information Solutions

• Tactical Intelligence Systems

Missile Systems: The segment is headquartered in Tucson, Arizona and engages in developing and producing missile systems for the US and allied nations’ armed forces. The segment leverages its expertise in navigation and guidance systems, advanced airframes, netted and targeting systems and high resolution sensors, and have developed technologically advanced missiles, projectiles, smart munitions, space vehicles and kinetic kill vehicles.

The segment’s key clients include the US Army, Navy, Air Force and Marine Corps, and the armed forces of over forty allied nations.

The segment is comprised of:

• Naval Weapon Systems

• Strike

• Air-to-Air

• Land Combat

• Exoatmospheric Kill Vehicle

Network Centric Systems: The segment is headquartered in Texas and engages in developing and producing net-centric mission solutions, and control and command communications. The segment serves major clients such as the US Air Force, Navy, Army and Marine Corps.

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