Letter from our Chairman and CEO

LETTER FROM
THOMAS A. KENNEDY, CHAIRMAN AND CEO

Dear Raytheon Stakeholders,

The men and women of Raytheon are driven by a singular objective: to help engineer a safer world. How we approach this is as important as the objective itself. We strive to operate in a responsible manner and live our company values of trust, respect, collaboration, innovation and accountability.

Corporate responsibility is fundamental to our business strategy. It is wholeheartedly supported at every level of our company, from Raytheon’s board of directors to the senior leadership team to our employees around the world. This report highlights our approach to corporate responsibility and the support we provide to our customers, our shareholders and the communities in which we live and work.

Securing a Changing World

In this age of constant and accelerating change, what we do at Raytheon, as a defense technology and cybersecurity company, is more important than ever. Allied nations rely on our missile defense systems to protect their people and sovereignty. Our satellite sensors collect precise data that helps forecasters warn the public of deadly storms. Our cybersecurity solutions protect systems we rely on, such as critical power networks and military command-and-control systems, from increasingly sophisticated attacks.

The cyber threat may be the most dynamic challenge we face. That makes cybersecurity an especially important corporate responsibility concern, because government agencies and commercial enterprises entrust Raytheon to protect sensitive data, safeguard assets and intellectual property, and keep systems up and running.

Tom Kennedy

Designing for Sustainability

Raytheon’s operations embrace a “design for sustainability” philosophy, challenging us to reduce the environmental impact of our products and manufacturing facilities. We drive industry-leading sustainability initiatives through smart product engineering, increased system efficiency, stakeholder collaboration and employee engagement.

As a result, we are making progress on our 14 long-term sustainability goals for 2020. Achieving those goals will conserve natural resources, reduce our environmental impact, increase efficiency and reduce costs for Raytheon and our customers.

Strengthening an Innovative Workforce

To be the best at what we do, we need the best people. So Raytheon is strongly focused on retaining and attracting top talent. We invest in education and career development programs to keep employees at the leading edge of their professions. We provide world-class health and wellness benefits and ensure peer-leading safety in the workplace.

And as a driver of innovation, we offer a working environment that values diversity and inclusion. When people are comfortable bringing their whole selves to work, they are more open to collaboration and the breakthrough ideas needed to solve our customers’ toughest challenges.

WE INVEST IN EDUCATION AND CAREER DEVELOPMENT PROGRAMS TO KEEP EMPLOYEES AT THE LEADING EDGE OF THEIR PROFESSIONS.

Supporting Future Generations

We are also focused on the workforce of the future, supporting impactful programs to encourage science, technology, engineering and math careers, and driving an emphasis on diversity. Our newest partnership is with Girl Scouts of the USA, through which we are encouraging girls and women to pursue STEM careers and close the gender gap.

Our strong support for the armed services helps veterans and military families discover new educational and career paths. This includes mentorship for veterans and scholarships that help them earn college degrees to position them for rewarding STEM careers.

If there was one example that demonstrated how we lived our values in 2017, it was our companywide response to the hurricanes that devastated Texas, Florida, Puerto Rico and the Caribbean. Among our many efforts, Raytheon and our people pledged more than $600,000 to help hurricane victims, and we worked in the days after Maria to bring much-needed supplies to Puerto Rico.

For all of these reasons and more, I am so proud to be a member of the global Raytheon team. Together, we are creating trusted, innovative solutions to make the world a safer place.

 

Respectfully,

Thomas A. Kennedy

Thomas A. Kennedy

 
Thomas A. Kennedy
Chairman and Chief Executive Officer
 

CORPORATE RESPONSIBILITY REPORT

Corporate Responsibility Report

This year’s report provides a detailed overview of Raytheon’s corporate responsibility initiatives, highlighting our efforts to enrich the lives of people, strengthen our performance and reduce our environmental footprint.

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