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 30, 2014

News: Software to power F-35 running as much as 14 months late¬†- Software needed to operate Lockheed Martin’s F-35 jet, the Pentagon’s costliest weapons system, may be as much as 14 months late for required flight testing, according to a Pentagon review.   Business: Lockheed will turn on JLTV production line In August; 6-D truck...
 
 

News Briefs July 30, 2014

U.S. military deaths in Afghanistan at 2,197 As of July 29, 2014, at least 2,197 members of the U.S. military had died in Afghanistan as a result of the U.S.-led invasion of Afghanistan in late 2001, according to an Associated Press count. At least 1,819 military service members have died in Afghanistan as a result...
 
 
Lockheed Martin photograph by Tom Reynolds

F-35B successfully completes wet runway, crosswind testing

Lockheed Martin photograph by Tom Reynolds F-35B aircraft BF-4, piloted by Lockheed Martin Test Pilot Dan Levin, starts down the runway as part of wet runway and crosswind testing at Edwards AFB, Calif. In an important program ...
 

 
boeing-chinook

Boeing delivers first U.S. Army multiyear II configured Chinook

Boeing July 29 delivered the first multiyear II configured CH-47F Chinook helicopter to the U.S. Army one month ahead of schedule. The delivery was celebrated in a ceremony at the production facility in Ridley Township, Penn. ‚...
 
 
Army photograph by SSgt. Angela Stafford

Engineers developing safer, more accurate tracer round

Army photograph Tracer rounds enable the shooter to follow the projectile trajectory to make aiming corrections. However, the light emitted by these rounds also gives away the position of the shooter. Engineers at Picatinny Ars...
 
 
NASA photograph by Carla Thomas

Katherine Lott awarded NASA Armstrong employee scholarship

NASA photograph by Carla Thomas Katherine Lott, the recipient of the 2014 NASA Armstrong Employee Exchange Council Joseph R. Vensel Memorial Scholarship, is congratulated by NASA Armstrong center director David McBride. Flankin...
 




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=""> <strike> <strong>