Raytheon

Raytheon Company
141 Spring St.
Lexington, Mass.
(781) 862-6600; fax (781) 860-2172
E-mail: corpcom@raytheon.com
Employees:
105,300

Raytheon Company, which is among Rhode Island’s largest employers (about 1,500)
at its plant in Portsmouth, provides products and services in the areas of defense
and commercial electronics and special mission aircraft. For the nine months
ended Oct. 1, net sales decreased 4 percent to $12.52 billion. Net income decreased
28 percent to $308 million. The company said decreased revenues were the result
of lower volume in missiles and missile defense systems. The company last week
announced it had been awarded an $11.7 million U.S. Navy contract for two AN/SQS-20-high-speed
acoustic mine hunting systems, an advanced helicopter and surface towed mine
hunting sonar system. The potential value of the contract, when all options
are exercised is $48.2 million.

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Stock Information
Exchange: NYSE
Symbol: RTNb
Annual meeting: April 26, 2000
Shares of common stock outstanding as of March 9, 2000:
339,843,221
Stock price as of Monday, Nov. 20, 2000: $34.06
Market value as of Monday, Nov. 20, 2000: $11,575,060,107
12-month high stock price: $35.38
12-month
low stock price: $17.50

Operating Results
(Dollars in millions, except per share data)

Ferdinand Colloredo-Mansfeld, 60, director since 1987, chairman
and chief executive officer of Cabot Industrial Trust. Shares: 12,099

Thomas E. Everhart, 68, director since 1997, president emeritus,
California Institute of Technology. Shares: 2,255

L. Dennis Kozlowski, 53, director since 1995, chairman and chief
executive officer of Tyco International. Shares: 11,099

Warren B. Rudman, 69, director since 1993, partner in the law
firm of Paul, Weiss, Rifkind, Wharton & Garrison. Shares: 6,699

Barbara M. Barrett, 49, director since 1999, president of Triple
Creek Guest Ranch and member of senior advisory board to the Institute of Politics
at Harvard University. Shares: 3,000

William R. Spivey, 53, director since 1999, group president,
Network Products Group, Lucent Technologies, Inc. Shares: 10,000

Daniel P. Burnham, 53, director since 1998, chairman and chief
executive officer of the company. Shares: 319,703

John M. Deutch, 61, director since 1998, Institute Professor
at the Massachusetts Institute of Technology. Shares: 3,730

John R. Galvin, 70, director since 1996, dean of the Fletcher
School of Law and Diplomacy, Tufts University. Shares: 6,514

Henrique De Campos Meirelles, 54, director since 1998, president
of global banking and financial services of FleetBoston Corp. Shares: 730

Dennis J. Picard, 67, director since 1989, chairman emeritus
and retired chairman and chief executive officer of the company. Shares: 1,644,620

Alfred M. Zeien, 70, director since 1992, retired chairman and
chief executive officer of The Gillette Co. Shares: 8,099

Directors’ fees
Non-employee members
of the board of directors received an annual retainer of $40,000. The chairman
of each board committee receives an additional annual retainer of $5,000. Non-employee
directors also receive a fee of $1,000 for attendance at each meeting of the
board and each committee, and $500 for telephonic meetings and committee meetings
of less than two hours.

Executive Compensation

N/A= Not applicable
(1) Value of exercised options stocks
gain: Swanson, $65,509; Wegner, $1,236,872.

*Executive compensation includes salary, bonuses and other compensation,
including life insurance, cash profit sharing and other payments

Source: Proxy statement, annual report, quarterly reports, and other PBN research