Collaborating with partners to produce innovative solutions
Raytheon UK is working to create a thriving ecosystem of small and medium sized businesses
The UK government is seeking to improve access to the defence sector for small businesses as part of a wider campaign to build a sustainable and competitive aerospace and defence industry fit for the future. This requires a thriving ecosystem for SMEs to operate in, one built on a skilled workforce and shared workspace for start-ups. Raytheon UK is partnering with the Institute for Collaborative Working to adopt a series of standards that will help make this ecosystem a reality. .
Collaboration breeds innovation. This is the case with Raytheon UK’s wide-reaching supply chains, which support thousands of careers across industry and place the company alongside a broad team of partners – particularly small and medium-sized businesses.
Those businesses “are a vital part of the UK defence ecosystem, bringing innovation and agility to the sector,” said Graham Le Fevre, “The ability to foster and strengthen mutually beneficial relationships with innovative companies is an important part of how Raytheon UK operates.”
Raytheon UK’s work with small and medium-sized enterprises is an extension of two international standards set by the Institute for Collaborative Working, of which Raytheon UK is a founding member. The first standard, known as ISO 44001, specifies requirements for identifying, developing and managing business relationships. The other, ISO 44004, focuses on how large businesses can work effectively with smaller firms and institutions, such as startups and universities. Both standards help companies like Raytheon UK improve their approach to collaboration.
Thanks to Raytheon UK’s long-standing partnerships with smaller businesses, it can build on a legacy of experience and links in industry to utilise the standards
“Once we’ve built those relationships with our future partners, it’s then up to all of us to keep them healthy and non-transactional. That could be a spontaneous 10-minute chat, cutting through work jargon or just remembering the human side of these relationships,” Le Fevre said.
And with the adoption of internationally recognised standards such as ISO44001 and ISO44004, Raytheon UK can continue supporting SMEs and help bring further innovation to the armed forces.