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Raytheon Missile Systems Receives a Perfect Score in Earned Value Management Systems Audit

Written by thomas · Filed Under Aeronautics News 

September 5, 2008

thomas

TUCSON, Ariz., Sept. 5, 2008 /PRNewswire/ — Raytheon Company’s (NYSE:
RTN) Missile Systems business recently completed an Earned Value Management
Systems compliance review by the Defense Contract Management Agency. DCMA
auditors found that Missile Systems passed all 32 guidelines.

“Missile Systems is the first defense contractor of its size to achieve
such success and is now a benchmark for the industry,” said Dr. Taylor W.
Lawrence, president of Raytheon Missile Systems. “Earning this award
validates the thoroughness and integrity of our processes and reinforces
our promise to always meet our customer commitments with the best possible
program management and performance.”

During the past several months, Missile Systems achieved the following
Earned Value milestones:

— Deployed an EV training and certification program – more than 900
Missile Systems employees are now EV certified

— Developed and deployed an integrated automated tool suite for all
programs, which ensures data integrity

— Deployed an internal surveillance approach to assess and improve
program schedules, which parallels DCMA criteria

— Licensed an automated scheduling tool to subcontractors, resulting
in integrated Raytheon and subcontractor EV data

— Partnered with the DCMA and other customers to ensure EV is being
used to help bring timely and affordable capabilities to the warfighter

After the compliance review, the DCMA audit team congratulated Missile
Systems on the substantial investment the company has made in processes,
tools and training.

“Missile Systems is now focused on deploying additional automated tools
and new processes to make it easier and faster for program teams to manage
their activities,” said Lil Vayhinger, Raytheon Missile Systems vice
president of Program Management Excellence.

Raytheon Company, with 2007 sales of $21.3 billion, is a technology
leader specializing in defense, homeland security and other government
markets throughout the world. With a history of innovation spanning 86
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:

DCMA reviewed Missile Systems in March and found the business compliant
in 30 of 32 EV guidelines. In August, DCMA re-evaluated Missile Systems and
determined the company had achieved 100 percent compliance in all areas.

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