Raytheon Company
Industry: Conglomerates

Raytheon Company with 2002 sales of $16.8 billion, is an industry leader in defense, government and commercial electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Lexington, Mass., Raytheon employs more than 76,000 people worldwide.

Business Summary
Raytheon Company is engaged in the defense and government electronics, space, technical services and business, and special mission aircraft industry. The Company's government and defense business is aligned in six business segments: Integrated Defense Systems (IDS); Intelligence and Information Systems (IIS); Missile Systems (MS); Network Centric Systems (NCS); Space and Airborne Systems (SAS), and Technical Services. Raytheon Aircraft is one of the providers of business and special mission aircraft and delivers a line of jet, turboprop and piston-powered airplanes to individual, corporate and government customers worldwide. In November 2004, the Company sold its Raytheon Commercial Infrared (RCI) business to L-3 Communications Corporation.

Financial Summary
Raytheon Company provides products and services in the areas of defense and commercial electronics and business and special mission aircraft. For the six months ended 6/26/05, net sales rose 8% to $10.35B. Net income from cont. ops. before acct. change totalled $429M, up from $7M. Revenues reflect increased U.S. DoD expenditures in the Company's defense businesses. Net income also reflects a decrease in interest expense due to lower average debt.