All Raytheon third-parties must undergo comprehensive, rigorous, and continuous due diligence screening and monitoring.
Some of our due diligence processes include:
International Party Due Diligence (IPDD) is a focused assessment of each international third party with whom Raytheon is considering entering into a contractual relationship. IPDD focuses on the specific party to identify, resolve, or mitigate (if possible) legal, ethical, reputational, financial, or other risks that may adversely affect the proposed business relationship. IPDD provides reasonable assurances that the company has adequate information to make an informed decision about the international third party before entering into a contractual or business relationship.
International Transactional Due Diligence (ITDD) is an assessment of the entire transaction that “connects the dots,” and ensures an overall understanding of the business deal, including verifying the credibility of the proposed business partner’s claims, flow of funds analysis and the overall business relationship and involving, as appropriate, specialized international tax, human resources, and civil works considerations. ITDD provides reasonable assurances that the company has adequate information to make an informed decision about the overall transaction (of which the international parties are one component part), before entering into the international contractual or business relationship.
Raytheon incorporates anti-corruption provisions into key contractual documents. Third parties must agree to these terms prior to working with Raytheon.
To improve the operation and management of Raytheon’s due diligence activities, Raytheon’s leadership made a significant investment in digitization and automation. The investments will provide an updated and scalable database infrastructure, electronic workflows, enhanced reporting capabilities, and smart logic functions.