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Innovation, Social Responsibility Propel Raytheon in Fortune Most Admired Survey

Technicians prepare a Visible Infrared Imaging Radiometer Suite for testing. The satellite sensor package is one of many recent Raytheon innovations.

Pioneering technology, a focus on talent and commitment to social responsibility have driven Raytheon higher in Fortune Magazine’s annual ranking of the world’s most admired companies.

The Waltham, Mass.-based defense company rose in six of nine key attributes, underscoring its dedication to customers and a corporate strategy aimed at enhancing competitiveness, innovation and investment in its employees.

The Fortune Most Admired report asks executives, directors and analysts to rank their industry competitors, creating a definitive report card on corporate reputation.

In the last two years, Raytheon has moved up two spots to fourth place in the survey's ranking of top aerospace and defense companies. Customers have recently chosen Raytheon for several major programs, including the Next Generation Jammer, the Air and Missile Defense Radar and jet upgrades using the Raytheon Advanced Combat Radar.

The company is also a leader in air and missile defense products, including the Standard Missile-3, Standard Missile-6 and kill vehicles that destroy ballistic missiles.

In 2013 President Barack Obama awarded one of its divisions, Raytheon BBN Technologies, a National Medal of Technology for its legacy of inventions.

The company also received accolades in 2013 for its civic responsibility efforts. It landed a coveted spot on the Civic 50 list of the most community-minded companies in the Standard & Poor 500. Raytheon also earned praise for its diversity, with the Human Rights campaign naming it to its Best Places to Work for lesbian, gay, bisexual and transgender employees.

The company continues to focus on volunteerism efforts, supporting armed service members and inspiring the next generation of engineers with its MathMovesU education initiative.

Published: 02/27/2014

Last Updated: 12/18/2015

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