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Who, Where, How Much?
home >> ARMAMENTS >> Raytheon >> Who, Where, How Much?

Raytheon Company

A corporate profile

website: http://www.raytheon.com

By Corporate Watch UK
Completed May 2002

WHO, WHERE, HOW MUCH?

  • 2.1 Company headquarters
  • 2.2 Raytheon in the UK
  • 2.3 Subsidiaries
  • 2.4 Structure/Ownership
  • 2.5 Auditor
  • 2.6 Board of Directors

    • 2.1 Company headquarters

    Raytheon Company
    141 Spring Street
    Lexington
    Massachusetts
    02421
    USA

    Tel: (001)781 862 6600
    www.raytheon.com

    2.2 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

    Back to top

    2.3 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.

    Back to top

    2.4 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:

      • Franklin Resources, Inc., Charles B. Johnson, Rupert H. Johnson, Jr. and Templeton Global Advisors Limited: 11.4% Class A shares
      • Capital Group International, Inc.: 10.9% Class A shares
      • Capital Research and Management Company: 8.9% Class A shares
      • Brandes Investment Partners, L.P.: 7.1 % Class B shares
      • Raytheon shareholder information:

        • http://investor.raytheon.com/shareholder.cfm (Source: Raytheon Company)
        Raytheon stock performance:

        http://investor.raytheon.com/index3.cfm (Source: Raytheon Company)

        2.5 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]

        Back to top

        2.6 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 include:
    		 
    Raytheon
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