Raytheon named one of America's most community-minded companies by The Civic 50
Company recognized for business integration of community engagement and its focused efforts to measure impact of programs
WALTHAM, Mass., Dec. 5, 2013 /PRNewswire/ -- For the second consecutive year, Raytheon Company (NYSE: RTN) has been recognized as one of America's most community-minded companies in The Civic 50. Conducted by the National Conference on Citizenship (NCoC) and Points of Light, and published by Bloomberg News, the annual survey identifies and recognizes companies for their commitment to improve the quality of life in the communities where they do business.
"We are steadfast in our corporate commitment to social responsibility, and are honored to be recognized by Bloomberg, NCoC and Points of Light," said William H. Swanson, Chairman and CEO of Raytheon Company. "Whether supporting armed service members, volunteering on behalf of local causes, or engaging students in science, technology, engineering and math, we will continue to challenge ourselves to have a positive impact on future generations."
Applicants were evaluated on several criteria, including extent of financial and human resources applied to civic improvement; whether internal and external resources are activated to maximize community impact; how a company's community engagement activities support its business interests; how broadly community engagement is supported and institutionalized within a company's policies, systems and incentives; and how a company measures the social and business value of its community engagement programs.
Raytheon was highlighted for its ability to link community success to business success, and to measure the impact of its community engagement programs.
Raytheon has a three-pronged strategic approach to community outreach: math and science education initiatives, armed services support, and local community support. The company executes this strategy through programs such as MathMovesU® -- the company's flagship science, technology, engineering and math (STEM) education program -- employee volunteering, and institutional and employee contributions. Raytheon's corporate responsibility activities are guided by the company's Vision, Strategy, Goals and Values; the latter are built on people, integrity, commitment and excellence. To learn more about Raytheon's commitment to the community, please visit www.raytheon.com/responsibility.
The Civic 50 was developed in partnership with a high-profile working group of lead researchers and industry thought leaders. Dozens of corporate advisors provided strategic guidance on the program's objectives, including defining indicators, developing methodology, and identifying partners and participants. As a result of this collaborative process, the initiative reflects leading insight and thinking about how corporations can and should engage with communities in a 21st century economy.
True Impact, a company specializing in helping organizations maximize and measure their social and business value, administered the survey. A cross-sector team of independent qualitative evaluators reviewed the responses.
To learn more about The Civic 50 survey, please visit www.Civic50.org.
Raytheon Company, with 2012 sales of $24 billion and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 91 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 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.
SOURCE Raytheon Company