DOCSLIB.ORG

Raytheon 2006 Annual Report Board of Directors

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Raytheon 2006 Annual Report Board of Directors Raytheon 2006 Annual Report Board of Directors WILLIAM H. SWANSON FERDINAND COLLOREDO- MICHAEL C. RUETTGERS* LINDA G. STUNTZ Chairman and MANSFELD Retired Chairman and Partner Chief Executive Offi cer Retired Chairman and Chief Executive Offi cer Stuntz, Davis & Staffi er, P.C. Raytheon Company Chief Executive Offi cer EMC Corporation Cabot Industrial Trust * Lead Director BARBARA M. BARRETT RONALD L. SKATES International Business and JOHN M. DEUTCH Retired President and Aviation Attorney Institute Professor Chief Executive Offi cer Massachusetts Institute Data General Corporation VERNON E. CLARK of Technology Retired Chief of WILLIAM R. SPIVEY Naval Operations FREDERIC M. POSES Retired President and U.S. Navy Chairman and Chief Executive Offi cer Chief Executive Offi cer Luminent, Inc. American Standard Companies, Inc. Leadership Team Raytheon leadership team: (left to right) Bryan J. Even, Thomas M. Culligan, Taylor W. Lawrence (seated), Michael D. Keebaugh, Jay B. Stephens, Rebecca R. Rhoads, David C. Wajsgras, Louise L. Francesconi, William H. Swanson, Daniel L. Smith, Keith J. Peden (seated), Colin J.R. Schottlaender, Pamela A. Wickham, Jon C. Jones, John D. Harris II, Lawrence J. Harrington (seated), Charles E. Franklin WILLIAM H. SWANSON LAWRENCE J. HARRINGTON TAYLOR W. LAWRENCE JAY B. STEPHENS Chairman and Vice President Vice President Senior Vice President Chief Executive Offi cer Internal Audit Engineering, Technology General Counsel Raytheon Company Raytheon Company and Mission Assurance and Secretary Raytheon Company Raytheon Company THOMAS M. CULLIGAN JOHN D. HARRIS II Senior Vice President Vice President KEITH J. PEDEN DAVID C. WAJSGRAS Business Development, RII Contracts and Supply Chain Senior Vice President Senior Vice President and Raytheon Company Raytheon Company Human Resources Chief Financial Offi cer Raytheon Company Raytheon Company BRYAN J. EVEN JON C. JONES President President REBECCA R. RHOADS PAMELA A. WICKHAM Technical Services Space and Airborne Systems Vice President and Vice President Chief Information Offi cer Corporate Affairs LOUISE L. FRANCESCONI MICHAEL D. KEEBAUGH Raytheon Company and Communications President President Raytheon Company Missile Systems Intelligence and COLIN J.R. SCHOTTLAENDER Information Systems President CHARLES E. FRANKLIN Network Centric Systems Vice President Company Evaluation Team DANIEL L. SMITH Raytheon Company President Integrated Defense Systems Raytheon Financial Highlights Years ended December 31 2004 2005 2006 Dollars in millions, except per share amounts Backlog $29,905 $31,528 $33,838 Net Sales 17,825 19,038 20,291 Operating Income 1,301 1,512 1,840 Net Income 417 871 1,283 Diluted EPS from Continuing Operations 0.85 1.80 2.46 Operating Cash Flow from Continuing Operations 1,689 2,313 2,469 Dividends Declared per Share 0.80 0.88 0.96 Net Debt1 4,595 3,254 1,505 Net Debt to Net Capital2 30.3% 23.3% 11.9% Return on Invested Capital3 5.2% 5.9% 7.6% BACKLOG NET SALES OPERATING INCOME ROIC3 NET DEBT1 Dollars in billions 7.6% $20.3 $4.6 $33.8 $1.8 $31.5 $19.0 5.9% $29.9 5.2% $3.3 $1.5 $17.8 $1.3 $1.5 04 05 06 04 05 06 04 05 06 04 05 06 04 05 06 1 Net debt is defined as total debt less cash and cash equivalents. 2 Net capital is defined as net debt plus equity. 3 ROIC is not a measure of financial performance under GAAP. For details about the company’s calculation of ROIC, see page 106 of this report. 1 Dear Fellow Shareholders, Performance, relationships and solutions: These are the by Fitch to BBB+ in early January 2007 and by Moody’s pillars that have supported the company’s progress — to Baa1 in early March 2007. and these are the principles, combined with our process discipline, that continue to deliver strong results. And it was a year in which the company’s stock price increased more than 30 percent. Two thousand six was a year of record bookings, backlog and operating cash fl ow from continuing operations for the Building On Our Strengths company, a year in which we achieved “organically”- driven While we are pleased with our company’s progress in sales growth of 7 percent — as well as a 37 percent increase 2006, our team’s focus continues to be on the future in diluted earnings per share from continuing operations. success of our customers and stockholders. We believe that the way to do this is to draw on our technology, It was a year in which net debt — total debt less cash systems engineering expertise and our world-class talent and cash equivalents — was reduced by $1.7 billion to a to provide outstanding solutions to our customers year-end level of $1.5 billion, the lowest level in more than — in government and industry, in countries around 12 years. the world, and especially to those who are serving on the front lines in harm’s way; their needs are a priority We also improved our return on invested capital for our company. (ROIC) from 5.9 percent in 2005 to 7.6 percent in 2006, a 29 percent increase — with more than 19,000 One of the key drivers of these solutions, and of the employees trained in ROIC to date and additional company’s growth, is innovation. At Raytheon, technology employees planned for 2007. and innovation are the company’s heritage and our foundation for the future. In the pages that follow, we It was a year in which the company took strategic steps will show you many of our capabilities, including our to focus on our core government and defense businesses, ability to integrate multiple systems to deliver a solu- announcing in December a defi nitive agreement to sell tion for our customers’ mission needs. We call this core Raytheon Aircraft Company. We thank the team at competency Mission Systems Integration. Raytheon Aircraft for building on the Hawker® and ® Beechcraft brands. It was also announced that, subject One of the more unique characteristics of our company to the closing of the transaction, the Board of Directors is our diverse portfolio of programs and capabilities, authorized an increase in the current share repurchase a portfolio that ranges from serving as national team program by an additional $750 million and the early integrator for the U.S. Navy’s Zumwalt Class Destroyer retirement of approximately $1 billion in debt, in program, to participation in thousands of programs in addition to approximately $685 million of scheduled 80 countries around the world. maturities in 2007. In some instances we are team leaders, in others we are Our long-term senior unsecured credit rating was partners with prime contractors, in others still we are upgraded by Standard & Poor’s to BBB+ in December, suppliers or providers of Mission Support solutions. 2 “Performance, relationships and solutions: These are the pillars that have supported the company’s progress—and these are the principles, combined with our process discipline, that continue to deliver strong results.” The common denominator in every contract is our successful. We have initiated the Raytheon Certifi ed innovative strength, customer focus and our depth of Systems Architect program that is training and certify- experience in the customer environment. ing a new generation of technical leaders to be capable of designing and integrating the mission solutions of Raytheon’s Fundamentals For The Future the future. We have a number of certifi ed architects To develop, integrate and apply our capabilities — supported by close to 3,000 engineers trained in the effectively, to drive innovation, to meet our customers’ principles of systems engineering and hundreds of lead needs, to achieve growth, to enhance shareholder value, systems engineers who have completed our extensive we must retain, attract and develop the best talent. Systems Engineering Technical Development program. These training initiatives continue to improve our These fundamentals start with a core foundation in capabilities, expand our ranks of systems architecture ethics, because that is essential to earning and maintain- and systems engineering experts, and provide the core ing the trust of our customers. We know that bad things skills required to grow our company. happen to good people, but when they do, our team knows it is important to raise one’s hand at the earliest We surround all of these fundamentals with a focus on stage and ask for help. As part of this awareness process, diversity — of thought, as well as of gender, age, race, we are continuing the transition I mentioned in last sexual preference and all the aspects that together make year’s letter from an ethics “training” regimen to focus each of us unique. The company’s focus on inclusive- more specifi cally on ongoing, lifelong ethics “education.” ness and the external recognition we have received We believe good companies identify issues early and then are very gratifying, but the journey continues. We will apply the proper resources for resolution. continue to pick up the pace of this important journey. To ethics, we add a culture of learning, because To continue to be world-class innovators, we also must companies that depend on innovation must draw upon continue to value different ideas and put a premium on the skills of lifelong learners. And a key element of respect, which our team defi nes as acknowledging one’s the learning process is embedded in our Raytheon Six presence, valuing one’s opinion, providing ongoing Sigma™ efforts. With each project and each employee feedback, showing appreciation and explaining why experience, we learn more about process improvement we do what we do. This is about all of Raytheon’s team and about providing value to the customer. Raytheon members being valued members of a great team.
Load more

Recommended publications
  • Newsmakers 2010
    INSIDE NEWSMAKERS 2010 response to the Haiti crisis represents the • Newsmaker of the year: best in all of us,” said NBAA president and The future of Wichita pg 22 Business aviation lends CEO Ed Bolen at the association’s annual convention in October, where respond- • Volcanic eruption in Iceland spells ers from the business aviation commu- chaos in the skies above Europe pg 22 VOLCANIC ERUPTION IN ICELAND SPELLS a helping hand in Haiti nity were honored for their work. “As the • Business aviation lends a helping NEWSMAKERS CHAOS IN THE SKIES ABOVE EUROPE world began to understand the magnitude hand in Haiti pg 23 The magnitude-7.0 earthquake that In the days and weeks after the earth- of the tragedy, our industry mobilized. Many travelers have tales to tell their children about the day • SMS is coming to a ramp check in the spring of 2010 when a volcano in Iceland erupted, closing hit Haiti last January 12 affected the lives quake, an all-volunteer private air force Almost immediately, airplanes and avia- of millions, most of them poor and flew more than 800 sorties, carrying 3,800 tion expertise were volunteered, supplies near you pg 23 much of northern Europe’s airspace for the best part of a week. all of them suddenly cut off from the rest passengers and more than 1.4 million were donated, ramp and hangar space was • NTSB blames pilots for I won’t have to tell my children: they were with my wife and me Gulfstream made the big leap of the world after the country’s worst pounds of supplies, including doctors made available, fuel discounts were offered, Colgan Q400 crash pg 24 when we landed at London Heathrow, for my mother’s funeral, a away from the GI cabin cross sec- natural disaster in more than 200 years.
    [Show full text]
  • Electromagnetic Airframe Penetration Measurements of a Beeclicraft Premier La
    NAFL INST. OF STAND & TECH NI8T PUBLICATIONS A11107 DSTOME Nisr National Institute of Standards and Technology U.S. Department of Commerce NIST Technical Note 1548 NIST Technical Note 1548 Electromagnetic Airframe Penetration Measurements of a Beeclicraft Premier lA Chriss Grosvenor, Dennis Camell, Galen Koepke. and David Novotny Electromagnetics Division Electromagnetics and Electrical Engineering Laboratory National Institute of Standards and Technology Boulder, CO 80305-3328 Robert T. Joiink National Telecommunication and Information Agency Institute for Telecommunications Sciences Boulder, CO 80305-3328 August 2008 \ ^ U.S. Department of Commerce Carlos M. Gutierrez, Secretary National Institute of Standards and Technology James M. Turner, Deputy Director Certain commercial entities, equipment, or materials may be identified in this document in order to describe an experimental procedure or concept adequately. Such identification is not intended to imply recommendation or endorsement by the National Institute of Standards and Technology, nor is it intended to imply that the entities, materials, or equipment are necessarily the best available for the purpose. National Institute of Standards U.S. Government Printing Office For Sale by the and Technology Washington: 2008 Superintendent of Documents Technical Note 1548 U.S. Government Printing Office Natl. Inst. Stand. Technol. Stop SSOP, Washington, DC 20402-0001 Tech. Note 1 548 Phone: (202) 512-1 800 1 1 pages (August 2008) Fax: (202) 51 2-2250 CODEN: NTNOEF Internet: bookstore.gpo.gov . 1 Contents 1 History and Background 1 2. Overview 3 3. Measurement System 5 4. Measurement of Electromagnetic Airframe Penetration 7 5. Reference Measurements 10 6. Airframe Penetration Measurements — Overview 15 6. Extrapolation Results 16 6.2 Main Passenger Cabin Penetration Results 18 6.3 Flight Deck Penetration Results 40 6.4 Rear Cargo Hatch Penetration Results 55 6.5 HIRE Positions for Flight Deck Penetration 68 6.6 Internal Coupling Measurements 73 7.
    [Show full text]
  • Artificial Intelligence and Machine Learning
    ISSUE 1 · 2018 TECHNOLOGY TODAY Highlighting Raytheon’s Engineering & Technology Innovations SPOTLIGHT EYE ON TECHNOLOGY SPECIAL INTEREST Artificial Intelligence Mechanical the invention engine Raytheon receives the 10 millionth and Machine Learning Modular Open Systems U.S. Patent in history at raytheon Architectures Discussing industry shifts toward open standards designs A MESSAGE FROM Welcome to the newly formatted Technology Today magazine. MARK E. While the layout has been updated, the content remains focused on critical Raytheon engineering and technology developments. This edition features Raytheon’s advances in Artificial Intelligence RUSSELL and Machine Learning. Commercial applications of AI and ML — including facial recognition technology for mobile phones and social applications, virtual personal assistants, and mapping service applications that predict traffic congestion Technology Today is published by the Office of — are becoming ubiquitous in today’s society. Furthermore, ML design Engineering, Technology and Mission Assurance. tools provide developers the ability to create and test their own ML-based applications without requiring expertise in the underlying complex VICE PRESIDENT mathematics and computer science. Additionally, in its 2018 National Mark E. Russell Defense Strategy, the United States Department of Defense has recognized the importance of AI and ML as an enabler for maintaining CHIEF TECHNOLOGY OFFICER Bill Kiczuk competitive military advantage. MANAGING EDITORS Raytheon understands the importance of these technologies and Tony Pandiscio is applying AI and ML to solutions where they provide benefit to our Tony Curreri customers, such as in areas of predictive equipment maintenance, SENIOR EDITORS language classification of handwriting, and automatic target recognition. Corey Daniels Not only does ML improve Raytheon products, it also can enhance Eve Hofert our business operations and manufacturing efficiencies by identifying DESIGN, PHOTOGRAPHY AND WEB complex patterns in historical data that result in process improvements.
    [Show full text]
  • 2004 Raytheon Annual Report
    Focused on the Customer 2004 annual report Board of Directors ․․․․․․․․․․․․․․․․․․․․․․․․․ ․․․․․․․․․․․․․․․․․․․․․․․․․ ․․․․․․․․․․․․․․․․․․․․․․․․․ ․․․․․․․․․․․․․․․․․․․․․․․․․ ․․․․․․․․․․․․․․․․․․․․․․․․․ . . . . . , .** Chairman and CEO Institute Professor Chairman and Retired President and Chairman and Raytheon Company Massachusetts Institute of Chief Executive Officer Chief Executive Officer Chief Executive Officer Technology American Standard Data General Corporation Cypress International Inc. ․․․․․․․․․․․․․․․․․․․․․․․․․ ․․․․․․․․․․․․․․․․․․․․․․․․․ Companies, Inc. ․․․․․․․․․․․․․․․․․․․․․․․․․ Retired General, U.S. Army . . ․․․․․․․․․․․․․․․․․․․․․․․․․ . Former Commander-in- International Business and President Emeritus . * Retired President and Chief of the United Nations Aviation Attorney California Institute of of Counsel Chief Executive Officer Command, Republic of ․․․․․․․․․․․․․․․․․․․․․․․․․ Technology Paul, Weiss, Rifkind, Luminent, Inc. Korea/United States Wharton Garrison ․․․․․․․․․․․․․․․․․․․․․․․․․ Combined Forces/United - ․․․․․․․․․․․․․․․․․․․․․․․․․ . States Forces Korea Retired Chairman and . Partner Chief Executive Officer Chairman Stuntz, Davis Staffier, P.C. *Lead Director Cabot Industrial Trust EMC Corporation **Retiring effective “2004 was a strong year with May 4, 2005 record orders of $25.7 billion; sales Leadership Team of $20.2 billion – a 12% increase Clockwise from upper left: Rebecca R. Rhoads, Jay B. Stephens, Donald M. Ronchi, Charles E. Franklin, Keith J. Peden, John D. Harris II, Edward S. Pliner, Thomas M. Culligan,
    [Show full text]
  • Service Center Full Capabilities List
    AMETEK Part Number OEM Number Description Platforms Location Contact Number 182936 10-60735-1 OXYGEN PRESSURE INDICATOR BOEING 727 / 737 Binghamton, NY 607-763-4708 182972 10-60735-2 OXYGEN PRESSURE INDICATOR BOEING 727/737/747/757/777/P-8 Binghamton, NY 607-763-4708 253884 10-60775-6 SURFACE POSITION INDICATOR BOEING 737 Binghamton, NY 607-763-4708 260456 N/A DC VOLTMETER INDICATOR NOT IDENTIFIED Binghamton, NY 607-763-4708 260457 N/A DC AMMETER NOT IDENTIFIED Binghamton, NY 607-763-4708 260461 60B00120-1 OXYGEN PRESSURE INDICATOR BOEING 747-100,-200,-300 Binghamton, NY 607-763-4708 260516 60B00120-2 DUAL OXYGEN PRESSURE INDICATOR BOEING 747-400 Binghamton, NY 607-763-4708 260519 60B92012-1 FUEL TEMPERATURE INDICATOR BOEING B747/B767 Binghamton, NY 607-763-4708 520445 671788-101 ENGINE VIBRATION MONITOR UNIT LOCKHEED L1011 Binghamton, NY 607-763-4708 520467 60B00108-7 COMP DUCT TEMPERATURE INDICATOR BOEING 747 Binghamton, NY 607-763-4708 520487 60B00126-4 APU TACHOMETER INDICATOR BOEING 747-100,-200,-300 Binghamton, NY 607-763-4708 520549 672449-101 AIR TURBINE TACHOMETER INDICATOR LOCKHEED Binghamton, NY 607-763-4708 520616 01-3621-9-0001 PNEUMATIC PRESSURE INDICATOR MCDONNELL DOUGLAS DC10 Binghamton, NY 607-763-4708 520690 672490-101 RAM AIR INDICATOR LOCKHEED L1011 Binghamton, NY 607-763-4708 521314 60B00117-5 CSD OIL TEMPERATURE INDICATOR BOEING 747 Binghamton, NY 607-763-4708 521394 5940-00-901-8270 COMPARTMENT TEMPERATURE INDICATOR E-3/E-6/E-8 Binghamton, NY 607-763-4708 521396 60B00108-10 SUPPLY AIR TEMPERATURE INDICATOR E-3/E-6/E-8
    [Show full text]
  • View Annual Report
    33333 CUSTOMER SUCCESS At RAYTHEON, everything begins with the customer. Our customers are men and women in uniform, pilots and their passengers, and our partners, in government and industry. Our customers’ success demands our best performance. That means meeting our commitments and being dependable. It’s also forging strong bonds based on the highest ethical behavior. And it’s working as one company to create solutions – the best and most innovative solutions, now and in the future. Customer Success Is Our Mission – and the basis for our growth. ON THE COVER 333 An F-15 fighter pilot prepares to take off. In 2003, F-15C Eagles flew with two improved combat capabilities provided by Raytheon: the first operational airborne Active Electronically Scanned Array radar and the AIM-9X next generation Sidewinder air-to-air missile. GOALS FOR 2004 333 Customer Growth People Productivity WILLIAM H. SWANSON Chairman and CEO DEAR FELLOW SHAREHOLDERS 333 3 Raytheon’s 2003 Annual Report tells the story of a affected by Network Centric Systems and Raytheon Technical company that is well positioned in defense, that has re-base- Services Company, and by increased non-cash pension expense. lined its business aircraft operations to reflect difficult market con- It was positively affected by strong operating performance ditions, that has enjoyed exceptional cash flow performance and in a number of our other Government and Defense businesses. that has put many of its issues behind it. While the company still 33Including the impact of discontinued operations, the com- has work to do, I believe we are focused on the right things and on pany’s net income in 2003 was $0.88 per diluted share compared the right path going forward.
    [Show full text]
  • 2002 Beechcraft Premier I | SN RB-52
    SARASOTA I TAMPA I LOS ANGELES 2002 Beechcraft Premier I | SN RB-52 CONTACT: GRAHAM JOHNSON MAX CRUISE PASSENGERS RANGE(NM) SPEED 426 Kts 6 1,072 [email protected] | 941.244.2396 | valorjets.com SARASOTA I TAMPA I LOS ANGELES 2002 BEECHCRAFT PREMIER I|SNRB-52 AIRCRAFTLISTINGDETAILS: AVIONICS: COLLINS FGC-3000 Hours Since New: 1,494 •CollinsProline21 3-Tube EFIS Landings SinceNew: 1,260 •F/Dir: Collins FGC-3000 IFCS •AP: Collins FGC-3000 HIGHLIGHTS: •Radar: Collins TWR-850 w/ Turbulence Detection Engines onTAP BLUE •Comms: Dual Collins VHF-422C RVSM Compliant •Navs: Dual Collins VIR-432 w/ CTL-23 Single Point Refueling •Radar Altimeters: Collins ALT-4000 One US Owner •Compass: Dual Collins AHC-3000 AHRS nd No Known Damage History •FMS: Dual Collins FMS-3000 w/ GPS-4000A & 2 GPS Sensor Complete Logs •DME: Collins DME-442 Hawker Beechcraft Maintained - •ADF: Collins ADF-462 Tampa •Transponders: Dual Collins TDR-94D Mode S •TCAS: Collins TCAS II - 4000 ENGINES: WILLIAMS FJ44-2A #1 #2 Total Hours: 1,494 1,494 Engine Cycles: 1,255 1,255 SerialNumbers: P-105011 P-105014 MARKETING | SALES | ACQUISITIONS | CONSULTING | LEASING THESE SPECIFICATIONS ARE PRESENTED AS INTRODUCTORY INFORMATION ONLY. THEY DO NOT CONSTITUTE REPRESENTATIONS OR WARRANTIES OF ANY KIND. ACCORDINGLY, YOU SHOULD RELY ON YOUR OWN INSPECTION OF THIS AIRCRAFT. THE AIRCRAFT IS SUBJECT TO PRIOR SALE, AND / OR REMOVAL FROM THE MARKET. © 2016©Copyright Valor Jets ,Inc. All– rightsSOLJETS reserved.LLC This document- Aircraft andSales all information&Acquisitions contained herein® 2015is the sole- propertyAllRights of ValorReservedJets ,Inc.. No intellectual property rights are granted by the delivery of this document or the disclosure of its content.
    [Show full text]
  • Technical Publications
    Service and Support Technical Publications Rockwell Collins offers numerous options to our technical publications customers. Many manuals are available on paper, CD-ROM, or via download from the Web. We can provide you with SGML information tailored to your needs. Your existing documents can be converted to SGML form or source material can be used to create new SGML documents. Documents are kept up-to-date throughout their life cycle using change pages, revisions, and new editions. CATALOG OFFERINGS Rockwell Collins offers three delivery options to our technical publication customers. Downloadable PDF versions are avaialble at your fingertips through the Technical Publications Index and Online Library (www.rockwellcollins.com/customer). Many Rockwell Collins customer prefer to receive publications via the Online Library in order to utilize the advantages of document portability and real-time digital delivery. However if you prefer Paper and / or CD format, these are also available. PUBLICATIONS SOLUTIONS Rockwell Collins is committed to providing customers with accurate and detailed, up-to-date and specific information to achieve their business goals. We provide: • Real-time access to up-to-the-minute information • Information specific to the product/task • Customized information tailored to the unit, airframe, specific application and your specific implementation practices/requirements • Information delivery, right where the need exists (shop floor/flight line, instead of the library) • Formatted information, delivered in the required structure (PDF, S-1000D, CD-ROM, etc.) Per ATA or government specifications, our products include: • Component Maintenance Manuals (CMM) • Aircraft Maintenance Manuals (AMM) •IllustratedPartsCatalogs(IPC) • Fault Reporting and Fault Isolation Manuals (FRM/FIM) • Wiring Diagram Manuals (WDM) © Copyright 2014 Rockwell Collins.
    [Show full text]
  • Naval Postgraduate School Thesis
    NAVAL POSTGRADUATE SCHOOL MONTEREY, CALIFORNIA THESIS DIRECTED-ENERGY WEAPONS: INVISIBLE AND INVINCIBLE? by Bayram Mert Deveci September 2007 Thesis Advisor: Edward Fisher Second Reader: Terry Smith Approved for public release; distribution is unlimited. THIS PAGE INTENTIONALLY LEFT BLANK REPORT DOCUMENTATION PAGE Form Approved OMB No. 0704-0188 Public reporting burden for this collection of information is estimated to average 1 hour per response, including the time for reviewing instruction, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden, to Washington headquarters Services, Directorate for Information Operations and Reports, 1215 Jefferson Davis Highway, Suite 1204, Arlington, VA 22202-4302, and to the Office of Management and Budget, Paperwork Reduction Project (0704-0188) Washington DC 20503. 1. AGENCY USE ONLY (Leave blank) 2. REPORT DATE 3. REPORT TYPE AND DATES COVERED September 2007 Master’s Thesis 4. TITLE AND SUBTITLE Directed-Energy Weapons: Invisible and Invincible? 5. FUNDING NUMBERS 6. AUTHOR(S) Bayram Mert Deveci 7. PERFORMING ORGANIZATION NAME(S) AND ADDRESS(ES) 8. PERFORMING ORGANIZATION Naval Postgraduate School REPORT NUMBER Monterey, CA 93943-5000 9. SPONSORING /MONITORING AGENCY NAME(S) AND ADDRESS(ES) 10. SPONSORING/MONITORING N/A AGENCY REPORT NUMBER 11. SUPPLEMENTARY NOTES The views expressed in this thesis are those of the author and do not reflect the official policy or position of the Department of Defense or the U.S. Government. 12a. DISTRIBUTION / AVAILABILITY STATEMENT 12b. DISTRIBUTION CODE Approved for public release; distribution is unlimited 13.
    [Show full text]
  • Prime Contractor and Major Manufacturer Profiles
    Prime Contractor and Major Manufacturer Profiles Employment: 73,000 OUTLOOK/ Officers: SPECIFICATIONS RAYTHEON CO. Chairman and CEO William H. Swanson; VP and President, Integrated 870 Winter St. Defense Systems Daniel L. Smith; VP and President, Intelligence and Infor- Waltham, MA 02451, USA mation Systems Michael D. Keebaugh; VP and President, Missile Systems Tel: (781) 522-3000 Louise L. Francesconi; VP and President, Network Centric Systems Colin J.R. Fax: (781) 522-3001 Schottlaender; VP and President, Raytheon Technical Services Co. LLC www.raytheon.com Richard R. Yuse; VP and President, Space and Airborne Systems Jon C. Jones In early 2007, GS Capital Partners bought Raytheon and security solutions and transportation systems. Specific Aircraft for $3.3 billion and renamed it Hawker Beechcraft program areas include air traffic management systems, armored Corp. (see separate profile). vehicle fire control sensors and systems, battlefield radar, battle management systems, communication products and systems, Aerospace Organization/Products: infrared components and sensors, soldier systems, and coopera- Integrated Defense Systems [IDS] tive engagement capabilities. COMMERCIAL (Tewksbury, MA, USA): Raytheon Technical Services Co. LLC Provides integrated air and missile defense and naval and (Reston, VA, USA): SATELLITE OPERATORS SATELLITE maritime warfighting solutions for international and domestic Provides total mission support in technical, scientific, and customers including the US Missile Defense Agency, US professional services
    [Show full text]
  • AIN Monthly Page Temps
    EBACEby Curt Epstein Report The European H S O T N I C M D event is bigger I V A D than ever New and Improved While announcements of major new The European Business Aviation Con- airframe designs were sparse at EBACE, vention & Exhibition (EBACE) is growing a number of manufacturers announced stronger. At the show’s inception in 2001 upgrades to current models. there might have been some who doubted Amid the buzz at EBACE over the re- the viability of an annual European busi- cently certified Falcon 7X, French airframer ness aviation show along the lines of the Dassault announced an upgraded version of firmly established NBAA event in the U.S., but the 2007 edition, held May 22 through its popular twin-engine Falcon 2000. The 24 in Geneva, weighed in as the biggest and new Falcon 2000LX, featuring Aviation Part- best so far in the show’s seven-year history. ners blended winglets, will add 200 nm to With a record-breaking 11,000 visitors the range of its Falcon 2000EX predecessor, and 354 exhibitors (up a healthy 18 percent for a total of 4,000 nm at Mach 0.80 and from last year), the event faced a sold-out 41,000 feet. Dassault expects certification Hall 6 at the Palexpo Convention Center, for the upgrade by the end of this year. The forcing organizers to relocate many high- LX will replace the 2000EX starting with end airframe exhibitors with large display 2010 deliveries. Customers already holding booths to Hall 7, adjacent to the static 2000EX orders scheduled for delivery in display.
    [Show full text]
  • Raytheon 2006 Annual Report Raytheon Financial Highlights
    Raytheon 2006 Annual Report Raytheon Financial Highlights Years ended December 31 2004 2005 2006 Dollars in millions, except per share amounts Backlog $29,905 $31,528 $33,838 Net Sales 17,825 19,038 20,291 Operating Income 1,301 1,512 1,840 Net Income 417 871 1,283 Diluted EPS from Continuing Operations 0.85 1.80 2.46 Operating Cash Flow from Continuing Operations 1,689 2,313 2,469 Dividends Declared per Share 0.80 0.88 0.96 Net Debt1 4,595 3,254 1,505 Net Debt to Net Capital2 30.3% 23.3% 11.9% Return on Invested Capital3 5.2% 5.9% 7.6% BACKLOG NET SALES OPERATING INCOME ROIC3 NET DEBT1 Dollars in billions 7.6% $20.3 $4.6 $33.8 $1.8 $31.5 $19.0 5.9% $29.9 5.2% $3.3 $1.5 $17.8 $1.3 $1.5 04 05 06 04 05 06 04 05 06 04 05 06 04 05 06 1 Net debt is defined as total debt less cash and cash equivalents. 2 Net capital is defined as net debt plus equity. 3 ROIC is not a measure of financial performance under GAAP. For details about the company’s calculation of ROIC, see page 106 of this report. 1 ray_ar06_03_06_07_release2pm.ind1 1 3/7/07 9:18:36 PM Dear Fellow Shareholders, Performance, relationships and solutions: These are the by Fitch to BBB+ in early January 2007 and by Moody’s pillars that have supported the company’s progress — to Baa1 in early March 2007.
    [Show full text]