Tuesday, October 13, 2009

Raytheon (NYSE: RTN) Announces New Greenhouse Gas Reduction Goal

Raytheon (NYSE: RTN) Announces New Greenhouse Gas Reduction Goal

WALTHAM, Mass., Oct. 13, 2009 Raytheon Company (NYSE: RTN) is continuing its commitment to sustainability and the environment this Energy Awareness Month by announcing a new greenhouse gas (GHG) emission reduction goal.

As an industry partner in the U.S. Environmental Protection Agency's voluntary Climate Leaders program, Raytheon pledges to reduce its absolute U.S. emissions by 10 percent between 2008 and 2015. Climate Leaders is the country's largest GHG goal-setting program.

This new goal builds upon Raytheon having successfully achieved its first GHG goal. In 2002, as a charter Climate Leaders partner, Raytheon pledged to reduce GHG emissions from its U.S. operations by 33 percent between 2002 and 2009, normalized for revenue and adjusted for inflation. Raytheon not only met but exceeded its reduction goal one year ahead of schedule. By the end of 2008, the company had reduced its emissions by 38 percent normalized for revenue and adjusted for inflation. This reduction equates to 275,000 metric tons of greenhouse gas emissions avoided cumulatively between 2002 and 2008, equivalent to the emissions from electricity use of 36,400 homes for a year.

To achieve the goal, Raytheon implemented an aggressive energy conservation program, because approximately 90 percent of its greenhouse gas emissions are energy-related. Raytheon completed hundreds of energy conservation-efficiency projects such as upgrading chillers, boilers, and heating, ventilation, air conditioning (HVAC) systems; installing high-efficiency and sensor-controlled lighting; converting to variable-speed drives for motors, pumps and fans; improving the efficiency of computing operations both in data centers and throughout the workplace; and upgrading to state-of-the-art automated energy management and control systems.

Raytheon's energy reduction program has been recognized by EPA's ENERGY STAR Program five times in the last nine years, including the prestigious award for "Sustained Excellence in Energy Management" in 2008 and 2009.

Raytheon employees have also contributed significantly to the energy conservation efforts. The company has established a network of Energy Champions who help identify reduction opportunities and encourage other employees to shut down equipment when not in use. Complementing these efforts is the enterprise-wide Energy Citizens campaign, which engages employees in the company's energy conservation efforts. More than 24,000 Raytheon employees have already qualified as Energy Citizens this year.

Raytheon Company, with 2008 sales of $23.2 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 87 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 73,000 people worldwide.

Contact: Rashi Ratan 703.284.4328

SOURCE Raytheon Company

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