EPA Recognizes Raytheon for Leading Green Power Purchase
Raytheon ranks No. 38 on EPA's Fortune 500 List of Green Power Purchasers
AURORA, Colo., Jan. 30, 2008 /PRNewswire/ -- Raytheon Company (NYSE: RTN) was recently recognized by the U.S. Environmental Protection Agency (EPA) for its leading green power purchase and for its support and participation in the agency's Fortune 500 Green Power Challenge.
Raytheon purchased more than 2.5 million kilowatt hours of green power, which is enough to meet 10 percent of the Aurora's facility's purchased electricity use. The green power used by Raytheon is wind generated and is being supplied by Xcel Energy.
"By adding green power consumption, Raytheon dramatically demonstrates its proactive choice to switch away from traditional sources of electricity generation and support cleaner, renewable energy alternatives," said Michael D. Keebaugh, president of Raytheon's Intelligence and Information Systems (IIS) business. "If other businesses decide to enact similar green practices, we can contribute to increasing Colorado's green footprint."
"EPA applauds our Fortune 500 partners for protecting our environment by purchasing green power," said EPA Administrator Stephen L. Johnson. "By voluntarily shifting to renewable energy, Raytheon's Aurora, Colo., facility is proving you don't need to wait for a signal in order to go green."
Raytheon purchased green power in support of EPA's Fortune 500 Green Power Challenge. The 13-month campaign concluded at the end of 2007 with Raytheon's purchase contributing to EPA exceeding its 5 billion kilowatt-hour challenge goal. Raytheon's purchase is tied for No. 38 among participating corporations.
Based in Garland, Texas, Raytheon IIS is a leading provider of information and intelligence solutions to the government. Raytheon IIS has annual revenues of approximately $2.6 billion and employs more than 9,000 engineering and technical professionals worldwide. Raytheon IIS has facilities in 14 major locations across the U.S., with one of the largest facilities in Aurora with more than 2100 employees.
Raytheon Company, with 2006 sales of $19.7 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 85 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. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.
Note to Editors:
Green power is electricity that is generated from environmentally preferable renewable resources, such as wind, solar, geothermal, biogas, biomass and low-impact hydro. These resources generate electricity with a net zero increase in carbon dioxide emissions, while offering a superior environmental profile compared to traditional power generation sources. Green power purchases also support the development of new renewable energy generation sources nationwide.
Contact: Keith Little 703.849.1675 KDLittle@raytheon.com
SOURCE: Raytheon Company
CONTACT: Keith Little of Raytheon Company, +1-703-849-1675,
Web site: http://www.raytheon.com/