ORLANDO, Fla., Dec. 8, 2014 /PRNewswire/ -- Support for U.S. Armed Service members; a focused strategy addressing math and science education; and passionate employees who volunteer in local communities have won Raytheon Company (NYSE: RTN) a place in The Civic 50 ranking of the most community-minded companies for the third year in a row.
The annual survey conducted by the Points of Light Corporate Institute in partnership with Bloomberg LP and True Impact, identifies and recognizes companies for their commitment to improve the quality of life in the communities where they do business.
"Corporate civic engagement is on the rise and it's being led by the forward-thinking businesses included on The Civic 50 list," said Neil Bush, Chairman of Points of Light. "The correlation their efforts showcase between community engagement and employee retention, productivity and overall bottomline benefits continues to prove that businesses that do good, do well."
Raytheon was evaluated on several criteria including community investment, community-business integration, supportive institutional policies and impact measurement.
Raytheon's community focus is evidenced by the breadth of its initiatives including:
- Empowering through education, working with members of the armed services as they transition back to civilian life by providing scholarships and professional mentoring to student veterans and supporting information technology training programs for wounded warriors.
- Inspiring the next generation of scientists, technologists and engineers through the company's flagship STEM education program MathMovesU®.
- iVolunteer, Raytheon's employee volunteer program which has seen more than 575,000 hours logged by employees in support of their local communities over the past three years.
"Raytheon's culture of service is grounded by our mission to support the men and women of the armed services, educate the next generation of scientists and engineers, and innovate for a sustainable future," said Thomas Kennedy, Chairman and CEO of Raytheon Company. "We are committed to demonstrating leadership by placing a high value on corporate responsibility, and are honored to be recognized by Bloomberg and Points of Light for the third consecutive year."
Raytheon Company, with 2013 sales of $24 billion and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 92 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 cyber security and 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.
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SOURCE Raytheon Company