Raytheon Receives International Recognition for Company-Wide Energy Conservation Efforts
TEWKSBURY, Mass., Dec. 20, 2006 /PRNewswire-USNewswire/ -- Raytheon Company (NYSE: RTN) has received international recognition for environmental stewardship, earning an Award of Excellence from the International Facility Management Association for its company-wide energy conservation efforts.
Raytheon's Enterprise Energy Team developed and implemented a cutting-edge program called "Energy Conservation for a Competitive Advantage" that reduced electricity consumption by 10 percent, saving $10 million in energy costs and 62,000 metric tons of equivalent CO2 (carbon dioxide) this year.
The Enterprise Energy Team developed the tools, metrics, and awareness program deployed throughout seven business units, encompassing more than 30 million square feet of facilities in the United States. The program has demonstrated the positive impact a facility organization can have on both the bottom line and the environment, serving as a model for others to follow.
"Our people embrace how important energy conservation is to our customers, to our future generations, and to our business. Their personal commitment and pride in results is what makes Raytheon capable of making great things happen," said Dan Ryan, Raytheon Integrated Defense Systems (IDS) Operations vice president.
On behalf of Raytheon, Steve Fugarazzo, Enterprise Energy team manager and IDS Operations facilities engineering manager, received the George Graves Award given for Facility Management Achievement.
The Graves Award is presented to the individual or team whose facility management program or idea has had a substantial, positive effect on the success of their organization.
Integrated Defense Systems is Raytheon's leader in Joint Battlespace Integration providing affordable, integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency, the U.S. Armed Forces and the Department of Homeland Security.
Raytheon Company, with 2005 sales of $21.9 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 80,000 people worldwide.
Contact: Guy Shields 978.858.5246
SOURCE: Raytheon Company
CONTACT: Guy Shields of Raytheon Company, +1-978-858-5246
Web site: http://www.raytheon.com/