Letter from CEO Hero Image

LETTER FROM
THOMAS A. KENNEDY
CHAIRMAN AND CEO

Dear Raytheon stakeholders,

Our efforts to create a better workplace are driven from the top. Our world, customers and workforce are all changing. Raytheon is also transforming. We’re looking to improve the way we develop new technologies, engage stakeholders and support the next generation of engineers and scientists.

Raytheon’s long-standing commitment to corporate responsibility, however, will remain unchanged. The Raytheon team embraces this responsibility at every level of the company, starting with our board of directors, ensuring our business strategies are aligned with our obligations to our stakeholders.

This report highlights the many ways we live our values while fulfilling our vision of working as one global team creating trusted, innovative solutions to make the world a safer place.

Thomas A. Kennedy meets with members of Raytheon’s Leadership Development Program
We are transforming the way we attract, develop and retain our world-class workforce.

TRANSFORMATIVE PEOPLE

Remaining a global innovation leader starts with our people. As our employee demographics shift, we are transforming the way we attract, develop and retain our world-class workforce.

By better understanding how millennial and Gen-Z employees want to work, we’re adopting programs that allow for better work-life balance and ensure Raytheon is a welcoming, retaliation-free workplace.

These efforts are having an impact. The number of female vice presidents has grown by 41 percent since 2016, for example. And in 2018, I was proud to accept the Society of Women Engineers’ Rodney D. Chipp Memorial Award, which is given to those who help support and advance women engineers.

Raytheon also keeps an eye toward developing the next generation of talent. In 2018, we piloted a new computer science program in partnership with Girl Scouts of the USA, and sponsored a summer program through MIT that taught high school students how to build drones equipped with synthetic aperture radar.

Our people – more than 10,000 of whom are veterans – play an important role in how we continue to honor and support veterans, service members and military families. They deliver the state-of-the-art defense systems that help members of the military complete their missions and return home safely. Many are also engaged in a new mentoring program we started with Student Veterans of America, which named us its 2018 Partner of the Year. Additionally, this past year Raytheon opened four new STEM Centers of Innovation at Boys & Girls Clubs serving U.S. military installations.

Raytheon added three accomplished women to its board this year, and together, our five female directors were included on the 2018 Most Influential Corporate Directors list by WomenInc.

SUSTAINABILITY AND COMPLIANCE

Just as important as what we do, is how we do it. Raytheon continues to stress achieving results the right way, mandating employee training in critical compliance areas such as business ethics and export rules, and reinforcing our culture of integrity.

We also are transforming the way we design, manufacture and ship our products. Doing so helps us reduce our environmental impact and work toward our 2020 sustainability goals. In 2018, we achieved our highest waste diversion rate from landfills and incinerators through waste reduction, reuse and recycling efforts. We also incorporated energy-efficient designs in our buildings and completed numerous water reduction projects across the company.

PROVIDING SECURITY

Raytheon believes in our responsibility to use our technology to enhance safety. Our satellite-based sensors help meteorologists understand storms and changing weather patterns. And our advanced radar solutions are ready to help improve air traffic safety at our airports.

This sense of responsibility extends to making the cybersecurity technology and know-how we’ve accumulated over the years available not only to government and military customers, but also to commercial organizations to help them defend against the growing cyber threat.

These efforts help protect our way of life. The unprecedented layers of cybersecurity we’ve built into the ground system for the next generation of GPS satellites, for example, will keep the data that powers our financial systems and location devices accurate and secure for years to come.

ANTICIPATING WHAT’S NEXT

These transformational efforts, combined with our culture of continuous improvement, have Raytheon well positioned for the challenges of tomorrow. Our team is already working at the cutting edge of technology, including areas such as quantum, artificial intelligence/machine learning, additive manufacturing and hypersonics.

I am proud of all we have accomplished and will continue to achieve. As you will read in these pages, the men and women of Raytheon are working to transform tomorrow together.

Respectfully,

Tom Kennedy Signature

Thomas A. Kennedy
Chairman and Chief Executive Officer


Corporate Responsibility Report

Corporate Responsibility Report This year’s report provides an expansive review of our corporate responsibility content, and highlights our efforts to enrich the lives of people, strengthen our performance, and reduce our footprint on the planet.

Corporate Responsibility Report