Raytheon Corporate Office - COHQ

Raytheon Corporate Office

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The Raytheon Company Corporate Office Address

The Raytheon Company
870 Winter Street
Waltham, MA 02451-1449

Contact The Raytheon Company

Phone Number: (781) 522-3000
Fax Number: (781) 522-3001
Website: http://www.raytheon.com
Email: Email The Raytheon Company

Facts

Founder:
Date Founded:
Founding Location:
Number of Employees:

Executives

CEO: William H. Swanson
CFO: David C. Wajsgras
COO: Jay B. Stephens

The Raytheon Company History

The Raytheon Company was founded in 1922 by engineers Laurence K. Marshall and Vannevar Bush, and the scientist Charles G. Smith as the American Appliance Company in Massachusetts. The company originally focused on refrigeration technology but soon changed to electronics.

The company’s first product was a radio-receiver power supply that made it possible to convert household alternating current to direct current and thus eliminate the need for batteries. This invention was called Raytheon, meaning light of/from the gods.

In 1925 the company changed its name to Raytheon and marketed the product with the same name, to great commercial success.

During World War II Raytheon received a contract from the U.S. Government to manufacture a device that improved the capability of radar to detect enemy aircraft.

In the research for this device, the potential of microwaves to cook food was discovered and the company manufactured the first microwave oven in 1947.

In 1961 Raytheon merged with A.C. Cosser, a British electronics company.

In 1980 the company acquired Beech Aircraft Corporation, a leading manufacturer of general aviation aircraft.

In the 1990’s Raytheon expanded further in the defense electronics field through numerous acquisitions.

Today Raytheon is a major defense contractor that has a manufacturing concentration in weapons, and military and commercial electronics. Raytheon is the world’s largest producer of guided missiles.

Raytheon has 68,000 employees worldwide and had $24.857 in revenue in 2012.

{ 7 comments… read them below or add one }

Phillip A. Lambert JR. December 10, 2017 at 2:10 am

To the CEO of Raytheon a comment from Phillip a. lambert Jr. (ID) HACC6742 Raytheon can buy online or buy the company out right for sale solar lighting and charger station to the military. For my idea I want compensation of money . My manager’s name is Franco Lozano of calf. at 310-334-XXXX this is not spam.•

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Reply

Phillip a. Lambert JR. November 30, 2017 at 2:27 am

To the CEO of Raytheon what if Raytheon sold Mountain House very good dried foods to the military for good health and for the best variety of dried food in the USA. For my idea I would like to be compensation with money my name is Phillip a. Lambert Jr. (ID) HACC6742 this is not spam. Franco Lozano was my manager at Raytheon in calf.
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Reply

Phillip a. lambert jr. November 27, 2017 at 2:53 am

RETIREMENT CALCULATIONS
My name is Mr.Phillip A. Lambert Jr. I did not receive any paper work like this from Benefits Center at all not back in 2015 or in 2016 or any time from Lillian Perry or any one. If they have it please check because I only get $375.40 a mouth and pained it all out in tax’s in 2016 and may have to pay it all out for 2017 in tax’s again .Please help with a New Retirement one where I do not have to pay it all in tax’s and send paper work for my social security history earnings is hear in red.
1.For most people the last 60 paychecks represent the data used in calculating the maximum pension. In fact it is the highest contiguous 60 months during the last 10 years. Because we are paid bi-weekly and because of bonuses or RBIs the months are not the same. Also the last month may include the payout for unused PTO. The booklet shows all the months of data so you can work the calculations yourself.
2.Total Last (60) Paychecks ÷ (60) – SS@ max at retirement age x (Ray Time*) = Single Annuity Amount (SAA).
3.Two months (different every year) have 3 paychecks. Don’t retire the month before a triple pay. July 2009 was a four paycheck month: July 2, 16 and 30. Furthermore, since the July 30th paycheck covers the two weeks through July 24th there is actually a fourth paycheck covering the final week. HR will call you to ensure they know what you worked this last week. Make sure it is 40 hours; no PTO.
4.Ray Time* = 1st (20) years @ 1.8% = 36%. Remaining years multiply by 1.2%. Note if you were at Raytheon prior to 1981, this time is modified depending your age and whether you joined the contributory plan or not.
5.Remember, your first year of service does not count in the time calculation.
6.If you select the Joint & Survivor annuity, there is another factor that kicks in, depending on whether or not your spouse is older or younger than you are. If they are older, it is to your advantage. If they are younger you get penalized. Here is how it works:
1.50% Joint & Survivor Annuity = SAA x (90% Add .5% to 90% for every year spouse is older and subtract .5% from 90% for every year spouse is younger). SAA x (90% ± 0.5% year) = Your Amount x .50% = Spouse Amt.
2.66 2/3 J & S Annuity = SAA x (87% ± 0.66%/year) = Your Amount x 66% = Spouses Amount.
3.75% J & S Annuity = SAA x (85% ± 0.75%/year) = Your Amount x .75% = Spouse Amt.
4.100% J & S Annuity = SAA x (80% ± 1.0%/year) = Your Amount & Spouses Amount
6.You must pick one of these options, but the Raytheon default is 50% if you were to die before retiring. So one message is that if you are really sick you should retire and lock in the 100% option. On the other hand if your spouse is really sick use the 0% to the spouse to boost your pension.

You will also Social Security earnings history. This information will be

used RETIREMENT PACKAGE

When you call for your retirement package you will receive (2) packages. Your Benefits Calculation Package & forms and the Raytheon Retirement Guide & forms. Note that they do NOT take into account future raises, RBI or other bonuses, etc. The number will always be incorrect because it does not take into account PTO sell back.

BENEFITS CALCULATION PACKAGE

1.I recommend that you call the Benefits Center and ask for your Benefits Calculation Package (1) year before your planned retirement date (actually I have requested and received a package every year since my 55th Birthday). The numbers won’t change that much in a year and it will give you a chance to review the package. If you do that ahead of time, it will save you a lot of aggravation when you finally submit your papers. This also allows you to validate the income that is shown for you in each of the prior ten years.
2.The final benefits calculation package contains the following forms:

1.Tax Election for Recipients of Raytheon Pension form.
2.Direct Deposit Request for your Raytheon Pension form.
3.Application for Retirement and Pension form.
4.Waiver of Right to Receive Notice as to Form of Benefit form. By Federal Law, a company must give you at least (30 days) to review your retirement papers. The benefits center will not start the process until (30) days after they receive your papers, unless you sign this waiver. If you are sure of your decision then sign it and send it in with the other forms.
5.Policy for hiring back retirees and a form acknowledging that you have read and understood the policy. It is mandatory that you sign the form even if you have no intention of coming back to Raytheon. They will not process your retirement without this form.
6.The package states the amount of Social Security that you will be getting. A number of folks have commented that this seems too high so it is a wise idea to validate the number. As of 6/2014 this is ~$31,700 if you’ve been working enough years and your salary exceeds the Social Security limit of about $100K and you are age 66 at retirement. The amount will vary based on your age.
7.You must state the number of deductions you want Raytheon to utilize when calculating your take-home pay. Many people will not remember what they had set up at work. This information is available through the Payroll Office. Since your income will be lower you might not want to continue what you had at Raytheon.

RAYTHEON RETIREMENT GUIDE

The Raytheon Retirement Guide is a booklet that contains the following information (plus more)

1.Information on how to withdraw your contributions to the contributory plan if you want to. Most old timers regret taking out their own money early on as you get penalized at retirement time.
2.During the period prior to 1981, the Raytheon pension plan was contributory. Prior to 1976, you had to be 30 to participate in the Raytheon pension plan. From 1976 to 1981, the age was lowered to 25. At that time, you could either choose to participate in the Raytheon pension plan or have an IRA. You could not do both. If you elected to participate in an IRA, those years will not count as part of your service when Raytheon converted to a noncontributory retirement plan. As a result, your pension calculation times may have starts and stops so check it well.
3.Social Security Benefits Verification. This is an interesting one, but be careful with it. Raytheon uses a Social Security amount based on estimates of your earnings history. Once you retire, you will have the opportunity to submit your detailed to recalculate your Raytheon pension. If using the new numbers would give you a higher pension, your Raytheon pension will be increased retroactively from your first pension check. In most cases the Raytheon SS65 estimated number is lower then the Social Security number. This works to your advantage. i.e., do your homework before you exercise this option or you could get burned by ending up with something less than you already have.
4.Income Tax information regarding your pension. It’s taxable.
5.Insurance Information.
6.Medical Information. All the plans and rates.
7.RAYSIP & RAYSOP information.
8.Proof of age form for you & your spouse.
9.Do a complete assessment of options taking into account your age and how long you expect to live. One option being recommended is to take the single life annuity and buying a life insurance policy with the savings over one of the survivor plans. If you are considering this option, you have to plan early to ensure that you are insurable for the amount of the life insurance policy.
10.If you are under 62, look closely at the Social Security Option. Typically if you take the social security option, the break even time is typically 12 years (age 74).

INSURANCE

1.Upon retiring, you will get a $2K paid-up whole life policy from Raytheon. If you have been buying additional insurance for at least 10 years before you retire, you will get an additional $5K of paid-up insurance for each $50K of additional insurance that you have purchased for the 10 years.
2.The Raytheon Benefit Center is at 800-358-1231, Monday through Friday, 8 to 8.
3.get insurance conversion information for converting over your current Raytheon Insurance.
4.Check on the premiums as they may be outrageous however, they might be worth looking into. If they waiver any pre-existing medical condition.

Being Ethical From Phillip a. Lambert Jr. the Raytheon Benefits Center toll social security administration for 8 years in a row that I was terminated from SSM solid-state microwave back in 2008 as the company records showed for years. But the paper work stated for me that I was lad off back in 2007 and was not terminated as there record showed. My Management at that time was Franco Lozano At # 310-334-XXXX and his e-mail is Flozano@ raytheon.com paper work he signed for me to be lad off back in 2007 not 2008 that I was definitely lad off.I never work for Hughes Raytheon again after 2007 not in Calf. ,not in Kansas or not in Dallas Texas so how could I be terminated back I April the 24 of 2008 as the Benefits Center records sad because I was in the hospital April the First of 2008 for social security Disability for 5 months in a row. Because the Benefits Center toll social security administration I was terminated I could not get metlife Disability Insurance to pay my hospital stay or short or long term Disability Insurance. Also; The Benefits Center toll me that I could not get full Retirement but only a fraction of my true Retirement was toll to social security as a false statement also. I am asking for the Benefits Center to state for the records to say they change it to lay off for me and social security. Also; I am asking for them to change my status to having long term and short term Disability Insurance with metlife back in 2008. And I am asking for a New full Retirement of 1,500 a mouth or more. The computer that Lillian Perry has reads the paper work for my retirement from the company not my folder from the Benefits center but Lillian Perry computer get a e-mail or a fax from her compter not what she sads .If not way dose she say it come from her computer for my retirement from the company only . P.S.: Signed by Phillip a. Lambert Jr. you can have the secretary do the paper work for Lillian Perry or let Lillian Perry do it if she can it will help!!!. Ethic number 1710ray10033.

Reply

Phillip a. lambert Jr. November 22, 2017 at 11:38 am

to the CEO of Raytheon what if Raytheon sale computer GPS watches to the Military from a company online or buy the Company’s out right . And what if Raytheon sale new state of art Helmets to the Military from the Company online or buy the Company out right. My name is Phillip a. Lambert Jr. (ID) Hacc6742 Kansas city Kansas 66109 My Phone is 913-333-XXXX . If you like my idea please money compensation to me and my manager F•




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Franco Lozano at calf. 310-334-XXXX in Raytheon.

Reply

Phillip A. Lambert jr. November 22, 2017 at 1:26 am

Being Ethical From Phillip a. Lambert Jr. the Raytheon Benefits Center toll social security administration for 8 years in a row that I was terminated from SSM solid-state microwave back in 2008 as the company records showed for years. But the paper work stated for me that I was lad off back in 2007 and was not terminated as there record showed. My Management at that time was Franco Lozano At # 310-334-7610 and his e-mail is Flozano@ raytheon.com paper work he signed for me to be lad off back in 2007 not 2008 that I was definitely lad off.I never work for Hughes Raytheon again after 2007 not in Calf. ,not in Kansas or not in Dallas Texas so how could I be terminated back I April the 24 of 2008 as the Benefits Center records sad because I was in the hospital April the First of 2008 for social security Disability for 5 months in a row. Because the Benefits Center toll social security administration I was terminated I could not get metlife Disability Insurance to pay my hospital stay or short or long term Disability Insurance. Also; The Benefits Center toll me that I could not get full Retirement but only a fraction of my true Retirement was toll to social security as a false statement also. I am asking for the Benefits Center to state for the records to say they change it to lay off for me and social security. Also; I am asking for them to change my status to having long term and short term Disability Insurance with metlife back in 2008. And I am asking for a New full Retirement of 1,500 a mouth or more. The computer that Lillian Perry has reads the paper work for my retirement from the company not my folder from the Benefits center but Lillian Perry computer get a e-mail or a fax from her compter not what she sads .If not way dose she say it come from her computer for my retirement from the company only . P.S.: Signed by Phillip a. Lambert Jr. you can have the secretary do the paper work for Lillian Perry or let Lillian Perry do it if she can it will help!!!. Ethic number 1710ray1XXXX.

Reply

Sheila mathews May 5, 2016 at 6:13 pm

It would be nice to hire retirees back that have worked for the company for a long period of time for even a limited time with no benefits , people who are experienced .

Reply

Michael Sepulveda January 5, 2015 at 2:29 pm

Need email address to human resources about the porno on Raytheon. Also Randa Newsome has porno on her. Bad porno. Kids look at this. Email me. Michael Sepulveda

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