Stewardship and Social Responsibility

Among the committees of our Board of Directors, the Public Affairs Committee plays a central role in matters relating to social responsibility and stewardship. Unlike the Board committees responsible for matters related to audit, executive compensation and governance, the Public Affairs Committee is not a mandated committee. It was established in 2002 at the discretion of the Board to review policies and practices, and monitor compliance, in areas of legal and social responsibility. These areas include environmental protection, health and safety, ethics, export-import operations and compliance, and emergency preparedness.

At each of its meetings, the Public Affairs Committee also receives detailed reports containing Company performance metrics in these areas. These reports provide consolidated performance metrics for the Company as a whole, as well as data corresponding to the individual business units. Examples of information provided in these reports include:

• Environment, Health and Safety: recordable injuries, lost workdays due to injuries, hazardous waste, solid waste and waste recycling
• Export-Import: licenses applied for and granted, incident reports, voluntary reports submitted to regulators and corrective actions taken
• Ethics: nature and volume of contacts, investigation results, disciplinary actions, financial impact and education units completed

We encourage you to visit our website, www.raytheon.com, to learn more about our corporate governance practices.