Raytheon: Who, Where, How much?

NB. This page was written in 2006.
==Company headquarters==
Raytheon Company
141 Spring Street
Lexington
Massachusetts
02421
USA
Tel: (001)781 862 6600
www.raytheon.com
===The headquarters of their UK subsidiary is===
Raytheon Systems Limited
80 Park Lane
London
W1K 7TR
United Kingdom
Tel: +44 (0)20 7569 5500
Fax: +44 (0)20 7569 5591
Web: www.raytheon.co.uk
===Other Raytheon offices in the UK include===
Bedford
Raytheon Systems Limited
Unit H
Bedford Business Centre
Mile Road
Bedford
MK42 9TW
Tel: +44 (0)1234 242500
Fax: +44 (0)1234 242501
Bristol
Raytheon Systems Limited
Argentum House
Building 510
Bristol Business Park
Coldharbour Lane
Bristol
BS16 1EJ
Tel: +44 (0)117 906 3544
Broughton
Raytheon Aircraft Services Limited and
Raytheon Systems Limited
Hawarden Airport
Broughton
North Wales
CH4 0BA
United Kingdom
Tel: +44 (0)1244 523888
Fax: +44 (0)1244 523513
Glenrothes
Raytheon Systems Limited
Queensway Industrial Estate
Glenrothes
Fife
KY7 5PY
Scotland
Tel: 01592 754311
Fax: 01592 759775
Harlow
Raytheon Systems Limited
The Pinnacles
Harlow
Essex
CM19 5BB
Tel: +44 (0)1279 426862
Fax: +44 (0)1279 410413
Londonderry
Raytheon Systems Limited
Peninsula Court
Ulster Science & Technology Park
Buncrana Road
Londonderry
BT48 0SL
Northern Ireland
Tel: +44 (0)28 7130 4000
Fax: +44 (0)28 7130 4100
==Wholly owned subsidiaries worldwide==
[22]:
* ELCAN Optical Technologies (ELCAN) [Spain]
* Raytheon Microelectronics España, S.A. [Spain]
* Raytheon Systems Canada Ltd [Canada]
* Raytheon Systems Company Australia [Australia]
* Raytheon Systems Limited [UK]
* Raytheon International, Inc. [Focused on expanding Raytheon's international business, Raytheon International, Inc. maintains business development offices in more than 25 countries]
===Joint Ventures===
* Raytheon Company and Thales Airsys - consortium to provide the Swiss Defence Procurement Agency with FLORAKO air defence system.
* Air Command Systems International (ACSI) - Raytheon and Thomson-CSF consortium to provide Air Command and Control System Level of Capability 1 (ACCS LOC1) to NATO.
* Raytheon and Thales - new joint venture encompassing air defence/command and control centres and ground-based air surveillance and weapons-locating radars. Awaiting US and French regulatory approval as of early 2001.
==Structure/Ownership==
Raytheon is a publicly owned company, which sells its products across the world. It has 87,200 employees and sales in 2001 totaled $16.9 billion[24], equal to that of 2000 and down $0.3 billion from 1999[25]. Rest assured after September the 11th the company won’t be struggling for contracts.
Raytheon has recently been reorganised into 6 business units:
* electronics systems;
* command, control, communication and integration systems;
* technical services company;
* aircraft integration systems;
* commercial electronics;
* Raytheon Aircraft Company
* Raytheon has a major UK subsidiary, Raytheon Systems Ltd. (see section on Subsidiaries)
Raytheon has 2.1 million shares. They combined two sets of pre-existing shares into one in May last year and there were four shareholders who owned more than 5% of either class of these shares. They were:
o Franklin Resources, Inc., Charles B. Johnson, Rupert H. Johnson, Jr. and Templeton Global Advisors Limited: 11.4% Class A shares
 o Capital Group International, Inc.: 10.9% Class A shares
 o Capital Research and Management Company: 8.9% Class A shares
 o Brandes Investment Partners, L.P.: 7.1 % Class B shares
 o Raytheon shareholder information:
http://investor.raytheon.com/shareholder.cfm (Source: Raytheon Company)
Raytheon stock performance:http://investor.raytheon.com/index3.cfm (Source: Raytheon Company)
==Auditor==
Raytheon paid PriceWaterhouseCoopers $51 million in 2000, though only 3 million of that was directly for audit fees. A further $23 million was for ‘Financial Information Systems’, $3 million for Internal Audit Services, $7 million for tax advice and tax return assistance and $6 million for foreign statutory audits and carve-out audits in support of divestitures. The remaining $9 million comes under the bracket ‘All Other Fees.’[44]
==People==
===Board of Directors===
*Daniel P. Burnham Chairman and CEO, Burnham joined Raytheon on 1st July 1998 from AlliedSignal Inc. where he most recently served as vice chairman and a member of the board of directors. Prior to joining AlliedSignal Inc. Burnham held positions within The Carborudum Company from 1971 to 1982.
He is chairman of the President’s National Security Telecommunications Advisory Committee (NSTAC), a member of the Defence Policy Advisory Committee on Trade (DPACT), a trustee for Xavier University, member of the Business Council and a member of the Fleet Boston Financial Corporation Board of Directors.[26]
*Robin L. Beard Executive Vice President, Business Development, Chief Executive Officer, Raytheon International, Inc.
Prior to his current post he was president of Raytheon International Europe. He served as chairman of Hughes Europe and vice-president of Hughes Electronics Corporation, which he joined in October 1995. Prior to that he served two terms (1984-1987, 1992-1995) as Assistant Secretary General of the North Atlantic Treaty Organisation (NATO). He chaired a number of high-level bodies, most notably the Conference of National Armaments Directors, which is the supreme NATO body responsible for all defence equipment matters. For his NATO efforts he received the U.S. Department of Defence’s highest award for distinguished service from the defence secretary William Perry.
Beard was the youngest appointed cabinet minister in the administration of Tennessee Governor Dunn, and was the Tennessee representative in the U.S. congress from 1972-1983. He serves on the US Egypt President’s Council as one of its 15 U.S. members who provide the US and Egypt with business community views, concerns and council in ways to expand bilateral trade and investment ties.[27]
*Thomas M. Culligan
Executive Vice President, Business Development , Chief Executive Officer, Raytheon International, Inc.
He is on the executive committee of the National Defence Industrial Association. Their meetings and events are described as ‘the best defence forums for knowledge, networking and access to key decision makers.’[28]
*Frank S. Marchilena Executive Vice President , President, Command, Control, Communication and Information Systems. Joined Raytheon in 1967 and is a member of the US Defense Science Board.[29] This government board exists to advise the government on ‘scientific, technical, manufacturing, acquisition process, and other matters of special interest to the Department of Defense.’[30]
*William H. Swanson, Executive Vice President , Raytheon Company , President, Electronic Systems
*Neal E. Minahan, Senior Vice President and General Counsel , Raytheon Company
*Keith Peden Senior Vice President, Human Resources
====Other directors====
A selection:
* Former CIA director John M. Deutch
* Former NATO supreme commander John R. Galvin
* Former New Hampshire Senator Warren B. Rudman
More information and photos of the directors at: http://www.raytheon.com/newsroom/meeting.htm
==References==
# 'US Defense Industry, global Partnerships', Defence Systems Daily web-site:http://defence-data.com/current/pagerip2.htm#EURC"> http://defence-data.com/current/pagerip2.htm#EURC accessed 16 April 2002
# 'US Defense Industry, global Partnerships', Defence Systems Daily web-site: http://defence-data.com/current/pagerip2.htm#EURC accessed 16 April 2002
# 'Raytheon Reports Fourth Quarter Results', web-site: www.prnewswire.com/cgi-bin/micro_stories.pl?ACCT=149999&TICK=RTN&STORY=/www/story/01-23-2002/0001654074&EDATE=Jan+23,+2002 accessed 17 April 2002
# Raytheon Annual Report 2000
# 'Profile CEO Burnham', source: Raytheon, web-site: http://www.raytheon.com/newsroom/profiles/burnham.pdf accessed 17 April 2002
# Raytheon web-site: www.raytheon.com/newsroom/profiles/beard.pdf accessed 17 April 2002
#National Industrial Defense Association web-site: http://www.ndia.org/ accessed 17 April 2002
#{{note|29}]Biography Marchilena, source: Raytheon, web-site: http://www.raytheon.com/newsroom/profiles/marchilena.pdf+Frank+S.+Marchilena+&hl=en accessed 17 April 2002
#Defense Science Board web-site: http://www.acq.osd.mil/dsb/charter.htm accessed 17 April 2002
Category:Transnational Corporations