51.00 (-0.79) 
Raytheon Revamps Its MathMovesU Scholarship Program to Reward STEM Interest
Date posted: 10/20/2008*
Encouraging the next generation of U.S. innovators
Raytheon revised its popular MathMovesU scholarship and grants program to invest more substantially in students committed to studying science, technology, engineering or math (STEM).
Under the restructured plan, $600,000 has been set aside for students who have already won a MathMovesU scholarship. They will now be eligible to win one of 30 additional $20,000 merit-based bonus awards if they major in a STEM field at an accredited college. Recipients will be chosen based on academic record, demonstrated leadership and participation in school and community activities.
A second change redirects the $1,000 awards available to 150 middle school students. They now have the option to attend math and science summer camps or programs across the country, or save the money for college. Raytheon will also continue to donate a $1,000 matching grant to each winning student’s middle school. The objective is to nurture and encourage the next generation of U.S. innovators by harnessing the power of technology and showing them that math and science are at the very core of invention. To apply for the new scholarship, current middle school students need to create a multimedia submission illustrating how math factors into their favorite pastimes.
“We wanted to make a greater impact and be part of the solution,” said Kristin Hilf, vice president of public affairs for Raytheon Company. “By encouraging discovery and rewarding commitment, we hope to help replenish the country’s STEM talent pool, a necessary first step if we are to maintain our competitive edge in science and technology.”
Raytheon’s successful math heroes’ awards program is unchanged under the new plan. Nominated math teachers or volunteers will still be eligible to receive $2,500 awards with a further $2,500 matching grant given to their school or math program. Applications for all three awards will be evaluated by Scholarship Management Services. Since the program’s inception, Raytheon has awarded more than $2 million annually in MathMovesU scholarships and grants to deserving student, teachers and schools.
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