- Analyst Coverage
- Annual Reports
- Calendar of Events
- Contact IR
- Corporate Governance
- Code of Conduct
- Board Composition and Independence
- Committees
- Key Governance Documents
- Contact the Board
- Governance Principles
- Certificate of Incorporation
- By-Laws
- Ethics
- Political Contributions
- Dividends
- Earnings
- Executive Profiles
- FAQs
- News
- Non-GAAP Measures
- Podcasts
- Presentations
- Proxy Statement
- Quotes
- SEC Filings
- Shareholder Services
- Stock Splits
Political Contributions
Raytheon participates in the U.S. political process to ensure that the Company’s interests as a leading member of the aerospace and defense industry, and as a large employer, are appropriately represented. The Company maintains a detailed oversight process to make certain that political contributions are made in a legal, ethical, and transparent manner.
Raytheon maintains a federal political action committee (PAC) and four state PACs. On a limited basis, the Company makes direct corporate political contributions to state and local candidates as well as organizations operated in accordance with Internal Revenue Code (IRC) Section 527. All of these activities are governed by a Company-wide policy. A fundamental principle underpinning this policy is Raytheon’s commitment to the highest standards of ethical conduct.
Raytheon Political Action Committee
The Company offers eligible employees an opportunity to make voluntary political contributions through the Raytheon Political Action Committee (RAYPAC) which supports candidates for federal office. RAYPAC is governed in accordance with Company policy by a Steering Committee comprised of Senior Management from each of the Company’s business units as well as representatives from the government relations and legal functions.
RAYPAC is registered with the Federal Election Commission and its activities are reported on a monthly basis. Contribution information may be found on the FEC website, www.fec.gov.
Raytheon also sponsors four state PACs to which eligible employees residing in those states may make voluntary contributions in connection with the political process locally. These PACs operate under, and comply with, the statutes and regulations in effect in the state in which they operate. Contribution information can be found at the following state agency websites: Arizona Secretary of State, California Secretary of State, Texas Secretary of State, and the Massachusetts Office of Political and Campaign Finance.
Direct Corporate Political Contributions
In accordance with Company policy, no contribution can be made from Company funds to any candidate, political committee or political party without the approval of Raytheon’s Political Expenditure Review Committee (PERC) which includes representatives from the government relations, legal and communications functions of the Company. In 2008 the PERC authorized direct contributions to 527 organizations, as well as to a relatively small number of individual candidates and organizations at the state and local level.
2008 Corporate Contributions Summary
| 527 Contributions | $50,000 |
| State & Local Contributions | $ 3,500 |
| Total 2008 Corporate Contributions | $53,500 |
Board Oversight
The Board of Directors, through its Public Affairs Committee, oversees the activities of the PACs, as well as corporate political contributions and lobbying activities.
