Business

March 25, 2013

Raytheon consolidates businesses and announces key executive roles

Raytheon announced March 25 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 drectors 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, 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 sales1 of approximately $6 billion in 2012.

Lynn A. Dugle has been named president of the newly-formed Raytheon Intelligence, Information and Services business. John D. Harris II, formerly president of Raytheon Technical Services Company LLC, 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 sales1 of approximately $5.5 billion in 2012.

Dr. Taylor W. Lawrence continues to lead Raytheon’s Missile Systems business based in Tucson, Ariz. The expanded business will now include Combat & Sensing Systems, along with Raytheon UK. The combined business had annual external sales1 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 sales1 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.  External sales exclude sales between segments, which were $2 billion in 2012 and are eliminated in the consolidated results.

 

 




All of this week's top headlines to your email every Friday.


 
 

 

Headlines July 7, 2015

News: F-35 loses dogfight to fighter jet from 1980s – A new report alleges that an F-35A was defeated by the very aircraft it is meant to replace.   Business: South Korea selects Airbus for $1.33 billion tanker contract – European aerospace giant Airbus won a $1.33 billion deal June 30 to supply air refueling...
 
 
U.S. Chamber of Commerce photograph

Boeing, Embraer to collaborate on ecoDemonstrator technology tests

U.S. Chamber of Commerce photograph Frederico Curado, president & CEO of Embraer, and Marc Allen, president of Boeing International, at the Brazil-U.S. Business Summit in Washington, D.C. The event occurred during an offici...
 
 
Untitled-2

Tactical reconnaissance vehicle project eyes hoverbike for defense

The U.S. Army Research Laboratory, or ARL, has been exploring the tactical reconnaissance vehicle, or TRV, concept for nearly nine months and is evaluating the hoverbike technology as a way to get Soldiers away from ground thre...
 

 
Air Force photograph by SSgt. William Banton

Upgraded AWACS platform tested at Northern Edge

Air Force photograph by SSgt. William Banton Maintenance crew members prepare an E-3G Sentry (AWACS) for takeoff during exercise Northern Edge June 25, 2015. Roughly 6,000 airmen, soldiers, sailors, Marines and Coast Guardsmen ...
 
 
LM-Legion

Lockheed Martin’s Legion Pod™ takes to skies

Lockheed Martin photograph by Randy Crites Lockheed Martin’s Legion Pod recently completed its first flight test, successfully tracking multiple airborne targets while flying on an F-16 in Fort Worth, Texas. Legion Pod was in...
 
 
Air Force photograph by SSgt. Marleah Robertson

First Marine graduates Air Force’s F-35 intelligence course

Air Force photograph by SSgt. Marleah Robertson Marine Corps 1st Lt. Samuel Winsted, an F-35B Lightning II intelligence officer, provides a mock intelligence briefing to two instructors during the F-35 Intelligence Formal Train...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>