In its 10th annual survey of the 400 Best Big Companies, Forbes has named Raytheon as the best managed company in the aerospace/defence industry.
Forbes has lauded the Raytheon management for improving the company's financial performance, including a significant decline in debt, and notes the strong growth posted by Raytheon's Integrated Defense Systems, Network Centric Systems and Missile Systems businesses.
In its methodology, Forbes states that its choice for best-managed companies in 26 industries, including aerospace and defence, was based on financial statistics as well as ''management ability, innovation and leadership.''
Raytheon Company, with 2006 sales of $20.3 billion, is a technology leader specializing in defence, US 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 73,000 people worldwide.