Workforce Diversity
Our diversity initiatives are driven by members of Raytheon’s Executive Diversity Leadership Team, who report directly to Raytheon’s CEO. The initiatives are management-led and data-driven. In 1999, when we first surveyed employees about our commitment to diversity, they ranked us in the 50th percentile of companies across a range of industries. This rating climbed to the 84th percentile in 2005 and reached the 92nd percentile in 2006.

Our annual diversity summit is a pinnacle event where we focus our business leaders on being accountable for diversity actions. The event provides an opportunity for participants to learn both from each other and from outside experts. In 2006, we focused on including white males as full diversity partners.

Following the 2006 summit, each business and function developed action plans describing initiatives to strengthen diversity competency, communication, engagement and education. Another example of how we create inclusion is Raytheon’s global mentoring program, which is available to all employees.

Supplier Diversity
We strongly value and encourage diversity in our suppliers. Diversity of suppliers enhances our access to the widest range of talent and solutions to meet customer needs. Our supplier diversity program focuses on establishing and growing strategic business relationships with small-, minority-, women-, and veteran-owned businesses, as well as businesses located in a Historically Underutilized Business (HUB) zone.

We regularly recognize outstanding performance in promoting supplier diversity. At our most recent supplier diversity ceremony, we honored 41 employees for their work in providing procurement opportunities to diverse businesses. The awards recognized employee excellence in introducing new or competing technology, reducing costs and delivery schedules, and improving quality — all helping to ensure that we provide the best possible solutions to our customers.

In addition to internal recognition, our commitment to supplier diversity has been recognized by customers, industry and advocacy groups. Two Raytheon-nominated small businesses were named 2006 Regional Subcontractors of the Year by the U.S. Small Business Administration. In 2006, we also committed $35 million in contract awards to 11 companies under the U.S. Department of Defense Mentor-Protégé Program.