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Raytheon consolidates businesses and announces key executive roles



      Raytheon consolidates businesses and announces key executive roles

PR Newswire

WALTHAM, Mass., March 25, 2013

WALTHAM, Mass., March 25, 2013 /PRNewswire/ -- Raytheon Company (NYSE: RTN)
announced today that it is consolidating its businesses to streamline
operations, increase productivity and achieve stronger alignment with its
customers' priorities. The Raytheon Company structure will consist of four
businesses: Intelligence, Information and Services, resulting from the
combination of the Intelligence and Information Systems and Raytheon Technical
Services businesses; and the Integrated Defense Systems, Missile Systems, and
Space and Airborne Systems businesses, each of which will be expanded by the
realignment of the former Network Centric Systems business operations. This
new structure will be effective April 1, 2013.

"Our new structure will help us enhance productivity, agility and
affordability in a challenging defense and aerospace market environment," said
William H. Swanson, Raytheon's Chairman and Chief Executive Officer. "We will
remain focused on success for our global customers while returning value to
our shareholders."

Additionally, Raytheon's Board of Directors has elected Dr. Thomas A. Kennedy
to the new position of executive vice president, chief operating officer.
Kennedy previously served as vice president, Raytheon Company, and president
of Integrated Defense Systems.

"As we continue to operate in an increasingly competitive budget environment,
our ability to enhance our operations, expand our global reach, and coordinate
our development opportunities is critical to our success," said Swanson.
"Tom's outstanding leadership skills and his deep understanding of our
technologies, customers and global markets make him well qualified to fill
this new and important role."

In his new role, Kennedy will lead the company's consolidation efforts and
will manage day-to-day operating activities, while contributing to the
company's long-range planning and customer engagement strategies. Reporting to
Swanson, Kennedy will provide direct leadership to Raytheon's business
presidents as well as to the leaders of several of the company's enterprise
functions, including: Engineering, Technology and Mission Assurance; Contracts
and Supply Chain; Business Development; and the Global Business Services
group.

Raytheon's Businesses

In conjunction with the business consolidation, Swanson announced new roles
for members of the Raytheon Leadership Team, including:

Daniel J. Crowley has been named president, Raytheon Integrated Defense
Systems (IDS), succeeding Kennedy. Headquartered in Tewksbury, Mass., IDS will
now include two new product lines: C4I Systems and Air Traffic Management. The
expanded business had annual external sales^1 of approximately $6 billion in
2012.

Lynn A. Dugle has been named president of the newly-formed Raytheon
Intelligence, Information and Services (IIS) business. John D. Harris II,
formerly president of Raytheon Technical Services Company LLC (RTSC), has been
named vice president and general manager of the new business, reporting to
Dugle. IIS combines the operations of the former Intelligence and Information
Systems business, based in Garland, Texas, and RTSC, based in Dulles, Va. The
combined business had annual external sales^1 of approximately $5.5 billion in
2012.

Dr. Taylor W. Lawrence continues to lead Raytheon's Missile Systems (RMS)
business based in Tucson, Ariz. The expanded business will now include Combat
& Sensing Systems, along with Raytheon UK. The combined business had annual
external sales^1 of approximately $6.5 billion in 2012.

Richard R. Yuse continues to lead Raytheon's Space and Airborne Systems (SAS)
business based in El Segundo, Calif. The expanded business, with 2012 annual
external sales^1 of approximately $6 billion, will now include Integrated
Communication Systems and Advanced Programs.  

Financial Impact

The consolidation is not expected to have any impact on the company's 2013
financial guidance. The company anticipates a reduction in workforce of
approximately 200 employees related to this effort and annualized cost savings
of approximately $85 million.

^1 External sales exclude sales between segments, which were $2 billion in
2012 and are eliminated in the consolidated results.

Executive Biographies

Dr. Thomas A. Kennedy, Raytheon Company executive vice president and chief
operating officer, previously served as president of Raytheon Integrated
Defense Systems (IDS). Prior to his leadership role at IDS, Kennedy served as
vice president at Space and Airborne Systems (SAS) where he oversaw the
strategy and operations for Tactical Airborne Systems. He was previously vice
president for mission systems integration at SAS with responsibility for the
UK Ministry of Defence's Airborne Stand-Off Radar program. Earlier in his
career, he led new business and program activities for several radar and
electronic warfare systems development programs. A former captain in the U.S.
Air Force, Kennedy holds a doctorate in engineering from the University of
California Los Angeles, and bachelor's and master's degrees in electrical
engineering from Rutgers University and the Air Force Institute of Technology,
respectively.

Daniel J. Crowley, Raytheon Company vice president and president, Raytheon
Integrated Defense Systems, joined Raytheon in 2010 as president of the
company's Network Centric Systems (NCS) business. Crowley has 29 years in the
aerospace and defense industry, including roles on key military programs such
as Trident II Fleet Ballistic Missile, Atlas/Titan launch vehicles, classified
and commercial spacecraft, Terminal High Altitude Area Defense (THAAD), and
the F-35 Joint Strike Fighter. He also held senior roles in business
development, training, logistics and simulation. Crowley holds a bachelor's
degree in mechanical engineering and a master's degree in manufacturing
systems engineering from the University of Texas at Austin. He also received a
master's degree in management from Stanford University as a Sloan Fellow.

Lynn A. Dugle, Raytheon Company vice president and president, Raytheon
Intelligence, Information and Services (IIS), previously served as president
of Raytheon's Intelligence and Information Systems business. Dugle has held
officer-level positions within the telecommunications industry, including
international assignments to lead teams in Europe, Asia-Pacific and Latin
America. Her career has included increasingly senior roles in quality,
manufacturing operations, supply chain management, financial analysis and
strategic planning. A member of the Intelligence and National Security
Alliance (INSA) Board of Directors, Defense Science Board and the CyberPatriot
Board of Advisors, Dugle holds bachelor's degrees in technical management and
Spanish from Purdue University. Dugle also holds a master of business
administration degree from the University of Texas at Dallas.

John D. Harris II, Raytheon Company vice president and general manager of
Raytheon Intelligence, Information and Services, previously served as
president, Raytheon Technical Services Company LLC (RTSC). Prior to his role
at RTSC, Harris served as vice president of Contracts and Supply Chain for
Raytheon Company. His career spans 30 years with the company, including
increasingly senior roles in contracts and supply chain, operations, supply
chain management, and environmental health and safety at several Raytheon
businesses. Harris serves on the RTCA NextGen Advisory Committee, the Board of
the USO of Metropolitan Washington, D.C., and the National Advisory Council on
Minority Business Enterprise with the U.S. Department of Commerce, and is a
member of the Council of Trustees for the Association of the United States
Army. Harris received a bachelor of science degree in business administration
from Boston University.

Dr. Taylor W. Lawrence, Raytheon Company vice president and president,
Raytheon Missile Systems (RMS), previously served as Raytheon's vice president
of Engineering, Technology and Mission Assurance, which included leading the
company's activities in the strategic areas of technology, research,
engineering, operations, performance excellence and Raytheon Six Sigma™. Prior
to joining Raytheon, Lawrence served as a sector vice president and general
manager of a C4ISR and Space Sensors business. Before joining industry,
Lawrence served as the staff director for the Select Committee on Intelligence
for the U.S. Senate and as a deputy director of the Information Systems Office
of the Defense Advanced Research Projects Agency. He has held a variety of
scientific and leadership positions at Lawrence Livermore National Laboratory
and the California Institute of Technology. Lawrence holds a bachelor's degree
in physics from the California Institute of Technology and a master's degree
in applied physics from Stanford University. He earned his doctorate in
applied physics from Stanford in 1992.

Richard R. Yuse, Raytheon Company vice president and president, Raytheon Space
and Airborne Systems (SAS), previously held the position of president of RTSC.
Over the course of his 37-year career with the company, Yuse served in a
number of increasingly senior roles within the IDS business, including senior
management positions responsible for programs such as the Ballistic Missile
Defense System, THAAD, Upgraded Early Warning Radar and the Sea-Based X-Band
Radar. Yuse earned both his bachelor's and master's degrees in electrical
engineering from Northeastern University, where he is now a member of the
University's Corporation Governing Board.

About Raytheon

Raytheon Company, with 2012 sales of $24 billion and 68,000 employees
worldwide, is a technology and innovation leader specializing in defense,
homeland security and other government markets throughout the world. With a
history of innovation spanning 91 years, Raytheon provides state-of-the-art
electronics, mission systems integration and other capabilities in the areas
of sensing; effects; and command, control, communications and intelligence
systems; as well as a broad range of mission support services. Raytheon is
headquartered in Waltham, Mass. For more about Raytheon, visit us at
www.raytheon.com and follow us on Twitter @raytheon.

Media Contact
Jon Kasle
+1.781.522.5110
corporatepr@raytheon.com

 

SOURCE Raytheon Company

Website: http://www.raytheon.com
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