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The Flat World Flat Conference

Carol J. Ramsey October 24, 2006

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Who is Raytheon?Who is Raytheon?

• An industry leader in defense and government electronics, space, information technology, technical services, and business aviation and special mission aircraft.

• 80,000 employees worldwide

• $21.9 billion in 2005 sales

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Raytheon’s WorkforceRaytheon’s Workforce

• 80,000 Employees

• 50,000 Professionals

• 40,000 Engineers and scientists

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The Gap

Current Exempt Workforce

50% of the Current Workforce is 45+ years of age

56% of the Current Workforce has less than 15 Years of Service

6-15 year experience gap in existing workforce due to industry consolidation

In 2008, 63% of the workforce will have less than 15 years of service

Building a Robust Pipeline is a Strategic Imperative Building a Robust Pipeline is a Strategic Imperative

Defense Industry Employee Population Profile

0

5001,000

1,500

2,0002,500

3,000

3,500

4,0004,500

5,000

1-5 6-10 11-15 16-20 21-25 26-30 31-35 36-40 41-45 45+

Years of Service

Nu

mb

er o

f E

xem

pt

Em

plo

yees

Under 25 26-35 36-45 46-55 56-65 66-75 76-85

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A Reason to CareA Reason to Care

“By 2008, six million jobs will be unfulfilled in our country because people won’t have the necessary science and technology background.

That tells me we have a problem.”

Bill SwansonChairman and CEORaytheon

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Closing the GapClosing the Gap

A November 2004 study by the American Society of Engineering Education concludes that six interventions are needed to improve technical literacy in the United States:

Hands-on learning

Interdisciplinary approaches

Standards

Improved teaching

Partnerships

Make it “cool”Make it “cool”

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Raytheon’s ResponseRaytheon’s Response

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Survey HighlightsSurvey Highlights

Nat

iona

l Sur

vey

of A

mer

ican

Mid

dle

Sch

ool S

tud

ents

think math is boring

difficult time understanding

math

like math a great deal and is the subject they get most excited about

they'd like to know how people in music, sports, video games use

math

say doing well in math is important

45% 43%

33%

81%

94%

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• Raytheon initiative “elevate math to cool” and inspire young students to study math and science

• Partners with the national middle school math competition, MATHCOUNTS®

MathMovesU MathMovesU

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Sixth, Seventh and Eight Graders – ages 11 – 13 Employees/retirees, policy makers, school officials, the general public

TARGETS

Borrow relevant “cool” equities to capture middle schoolers’ attention and imagination

Engage kids online, in schools and in their communities

•MathMovesU.com•Grants Program•Local Events

Demonstrate to kids that math skills can lead to exciting (and cool/unexpected) careers and futures

STRATEGIES and TACTICS

Improve math’s image among middle-school students: Elevate Math to Cool Drive participation in MATHCOUNTS in key Raytheon markets Drive awareness of Raytheon as a good corporate citizen with a focus on (math

and science) education

OBJECTIVES

MathMovesUMathMovesU

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The WebsiteThe Website

• Celebrities + Math– Showcases how celebrities use math– Showcases exciting careers that use

math• Do Math 2 Win

– Weekly problems– Chance to win by correctly solving

math challenges– Awards: iPod, autographed stuff,

binoculars• Cash 4 School Grants Program

– $1M in grant funding in ‘06• Other Resources

– Links to MATHCOUNTS®, NASA, etc.– Link to Scholarships America– Contact Us

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Update: MMU Results through Q2 2006Update: MMU Results through Q2 2006

Total grants and scholarships • 2,067 applications received • 699 winners selected• $831k in grants and

scholarships awarded.

Media Impressions and Placements • 130 million total media impressions• 43 placements, including

– Washington Post– WJLA – ABC Washington– Time for Kids– USA Today

Web Trends 205,061 total visitors 11,117 registrants 787,367 page views to date

Events • 27 local events

conducted company-wide

• National media event in DC, “Hippest Homework Happening;” 1000 media impressions generated in 30 days

Hippest Homework Happening

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www.mathmovesu.com

Go figure.