ONE ASSOCIATION– ONE TEAM
Page 1
As s o c i a t i o n o f R a yt h e o n R e t i r e e s , I n c .
ONE ASSOCIATION-ONE TEAM
Vol.14,
Issue 1
February 2014
First Words
INSIDE THIS ISSUE:
First Words
1
Pension Plans
3
Power of Attorney
7
Credit Karma
9
Financials
10
Spotlight on Joe Cooper
11
Winter Safety/ Unclaimed Wealth
14
Medicare Part B
15
Downsizing/ TED Courses
16
Microsoft XP
17
Facebook Group
19
CEO William Swanson Retires
20
Directors
22
Application
23
By now you have heard
that Raytheon CEO, Bill
Swanson, is stepping
down effective March
31st and Dr. Tom Kennedy is assuming the
helm. Bill's retirement
marks the end of an 11
year tenure as CEO, and
his record is his legacy.
He has successfully led
the company through
many difficult business
cycles and the company
has
consistently
achieved year over year
growth in all key busi(Continued on page 2)
RAYTHEON RETIREES ANNUAL MEETING
THURSDAY, MAY 22ND
This year's meeting will be held on Thursday, May 22nd at
the same location as last year, the National Heritage Museum in Lexington, MA.
(http://www.nationalheritagemuseum.org/ ). The meeting
will begin at 9:30 am and continue through 1pm. Once
again, refreshments and lunch will be provided.
This edition was printed by the students of Northeast Metro Tech,
Graphic Communications, Wakefield, MA 01880. We hope you like it.
Association of Raytheon Retirees, Inc.
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(Continued from page 1)
ness metrics. Bill will continue to serve as Chairman, Board
of Directors. Bill has been a lifelong Raytheon employee
(41 years) and his successor, Dr. Tom Kennedy, previous
president of Integrated Defense Systems, is also a long
time Raytheon employee with 33 years under his belt. This
bodes well for the future of Raytheon and we wish him good
luck in his new position.
Even though it is still winter we are planning our annual
meeting to be held this Spring. Save the date, May 22,
2014. Details are included in this newsletter and also on our
web site.
In this issue we focus on a subject that is always of interest
to our members: i.e. FINANCE.
Topics that we cover
include .... How your 401K mandatory distributions can
affect the Medicare Part B premium that you pay......
Durable Power of Attorney and how some institution may
not honor your designation...... Details of the 10 pension
plans that Raytheon administers.... Raytheon 3rd Quarter
Earnings Summary ..... and how you can obtain your credit
score quickly and without any fee.
We are also introducing a new feature in our
newsletter. We will spotlight a Raytheon retiree, and our
first
interview is with Joe Cooper, former Marketing
Manager for the Equipment Division Engineering group,
now living at Hilton Head Island, SC.
We have started a Raytheon Retirees Users Group on
Facebook and in this issue you can find out how to join the
group and how to make use of social media to contact
some of your friends and former coworkers.
John Rudy and Mel Weinzimer
ONE ASSOCIATION– ONE TEAM
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Some Information About Raytheon’s Pension
Plans by Joseph DeAmbrose
Shown below is a roughed and rounded summary of
some of the information filed in Annual Reports
(Forms 5500) filed by Raytheon Company with respect to its pension plans for the 2012 year, the most
recent year for which this information is available.
There are 10 Plans, two of which (with asterisks)
were merged into the Raytheon Hourly Plan effective
12/31/12 and one, a DC Heath Annuity Plan, is insignificant in amount and not shown. Altogether, the
Plans hold over $17 Billion in assets and have about
171,000 participants, active and retired.
For the 2012 year, Raytheon contributed $1.2 Billion
to the Plans. Five of the Plans hold over 99% of the
total assets. The Plans are separate and distinct arrangements with different pension benefit structures
and dedicated assets. For example, if you are a retiree from the Raytheon Salaried Plan, only the assets of that Plan are available to pay your pension.
The funding percentage shown was taken from an
actuarial schedule which is part of the Annual Report
and, while actuarial schedules are by their nature
mysterious, the percentages provide some indication
of the ratio of plan assets to plan obligations.
(Continued on page 4)
Association of Raytheon Retirees, Inc.
Plan
Assets
Members
Page 4
Contributed
Funding %
Raytheon Salaried
$8.6B
85K
$530M
103.96%
Raytheon NonBargaining (Hughes)
$6.4B
41K
$633M
98.02%
Raytheon Hourly
$1.0B
18K
$ 18M
102.31%
Raytheon E & C
$0.7B
13K
$
0M
121.82%
Raytheon Bargaining
(Hughes)
$0.6B
11K
$ 19M
90.0%
Greenville Hourly
$0.1B
2K
$
0M
109.84%
Raytheon Marine
$0.1B
1K
$
2M
90.10%
Hourly NCS-Florida *
$0.0B
0K
$
0M
N/A
Garland Hourly *
$0.0B
0K
$
1M
N/A
Total
$17.5B
171K
$ 1.2B
($B=Billion, $M=Millions, and K=Thousands)
Virtually all of the $17 Billion in plan assets are held
and managed in the Raytheon Master Pension Trust
which invests the aggregate funds and allocates the
earnings to each Plan. For 2012, the Master Trust had
net earnings of about $1.9 Billion, which, based on the
beginning of year assets ($15.1B), is about a 13% annual investment return. The following is a brief tabular
ONE ASSOCIATION– ONE TEAM
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(Continued from page 4)
summary of certain results from the Annual Report of
the Master Trust for the years 2010-2012:
Master Trust
2010
2011
2012
Ending Assets
$14.7B
$15.1B
$16.9B
Total Income
$ 1.6B
$( 0.1B)
$2.0B
Expenses
$ 0 .1B
$0.1B
$0 .1B
Net Income
$ 1.5B
$(0.2B)
$1.9B
12%
(.1%)
13%
% Investment Return
The eagle-eyes will note a discrepancy between the
total of the asset amounts of $17.5B from the Annual
Reports for the Plans compared to the $16.9B
amount in the Report for the Master Trust. The difference appears to be attributable to different accounting conventions—the Plans take into account employer contributions made on account of 2012 but
made after the end of the year while the Trust only
takes into account amounts actually received during
the year. And, overall, the amounts and percentages
are roughed and rounded but the results provide a
fairly accurate overview of Plan assets and investment returns.
The three year return percentage and average return
percentage of Raytheon and some other defense
(Continued on page 6)
Association of Raytheon Retirees, Inc.
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(Continued from page 5)
contractors derived from the Annual Reports of their
Master Trusts were comparable over this period:
Company
3 Year Return %
Annual Average
%
Lockheed-Martin
25.1%
8.4%
NorthropGrumman
General Dynamics
24.1%
8.0%
28.6%
9.5%
Raytheon
25.6%
8.5%
The year 2011 was a relatively bad investment year for
Raytheon and also for the other three companies noted.
At least Raytheon is keeping up with the competition.
One last explanation. The Raytheon Salaried Plan covers the old or “legacy” Raytheon operations, primarily in
Massachusetts. In addition, there were other operations
that became part of Raytheon at one time and the benefit
structures for the employees of some of those operations
were assimilated into the Salaried Plan. So, many former employees of the operations of E-Systems, Texas
Instruments, Amana and Seismograph receive their pension benefits through the Salaried Plan. Similarly, the
Raytheon E & C Plan covers some former employees of
Raytheon Aircraft operations.
ONE ASSOCIATION– ONE TEAM
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A “Heads-Up” On Durable Powers of Attorney by Joseph Deambrose
A durable power of attorney is a common document in
an estate plan portfolio of documents that might include
a will, a health care proxy and perhaps a living will. A
will provides direction as to the disposition of your property at death. A health care proxy authorizes someone
to make health care decisions for you if you are unable
to do so yourself. A living will provides guidance to as to
the medical treatment you want or do not want if you are
in an extreme health situation and are unable to make
such decisions yourself. There could be trusts and other
documents too.
A durable power of attorney is a document whereby you
appoint someone as an agent to handle your affairs if
you become incapacitated. The agent would then have
the power to collect and endorse checks like your pension check and make withdrawals or write checks to pay
your bills and, beyond the day-to-day transactions, may
contain provisions authorizing the management of your
overall financial affairs. The agent’s authority would typically arise only upon your incapacity as evidenced by
your attending physician’s written certificate. The power
does not transfer any ownership of your property to the
agent. The agent is simply authorized to act on your behalf and for your benefit. In the absence of an effective
power, upon your incapacity, someone, from among
your family and friends, would have to apply to the local
Probate Court to be appointed as a Conservator and
when approved would be able to act on your behalf pursuant to that Court appointment. A durable power of attorney simplifies things and avoids the time and expense of a legal proceeding.
(Continued on page 8)
Association of Raytheon Retirees, Inc.
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(Continued from page 7)
Many of you are likely to have a durable power of attorney in place. However, in the event of your incapacity,
the agent appointed in the power may be unpleasantly
surprised to find that customer representatives at some
of the institutions holding your assets may question the
power, potentially requiring your agent to institute the
very legal proceeding the power was designed to avoid.
I recently inquired of two local banks, and was told they
would not honor a power, otherwise valid, unless their
separate requirements were satisfied. The requirements
were that you visit the bank and execute a separate
bank document appointing the agent and perhaps file
both with the bank before any incapacity.
I also checked procedures at a large investment/
brokerage firm and found a more nuanced approach.
That firm will honor a power but requires the appointed
agent to complete and sign a lengthy form whereby the
agent attests to certain facts about you and the power
holds the firm harmless from any loss resulting from
honoring the power.
I finally found someone at one of the banks who said the
customer rep was incorrect and the power would be
honored upon the agent executing an affidavit similar to
the one required by the investment firm. I have been trying to get to someone “upstairs” at the second bank and
when I do I expect that that bank will also countermand
the rep.
The point of this tale is that you be wary of the position
taken by the banks’ customer reps in dealing with the
(Continued on page 9)
ONE ASSOCIATION– ONE TEAM
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(Continued from page 8)
presentation of a power by an agent. A validly executed durable power should be legally effective and banks and other
institutions can be held liable for not honoring the power—
MA law. The agent should request a management review if
a representative is presenting a roadblock. And, it would be
prudent to walk your durable power by those banks and
other institutions your appointed agent might have to deal
with on your incapacity to identify specific procedures your
agent will confront and obtain copies of any forms that your
agent may have to complete.
Credit Reports by John Rudy
I am normally very suspicious about advertisements for web
page links. I heard about Credit Karma in an ad on a mainstream TV program (not an infomercial). They said they
would provide your credit score for free.
Many of you know that there are three credit bureaus that
will provide you with a credit history. In Massachusetts, and
many other states, they are required to do this at no cost
once a year. So by staging them you can do one each 4
months. But they do not provide the actual score.
Credit Karma https://www.creditkarma.com
After doing some checking I convinced myself that this
would probably be safe, and they do not request your Social Security Number. So I tried it. Painless, and I got the
excellent result I expected in less than a minute.
By the way, it is wise to get a credit rating on both spouses,
particularly when only one is the major bread winner. Then
if that one dies, ....
Association of Raytheon Retirees, Inc.
Page 10
Raytheon Financial Highlights by Allan Swenson
3rd Quarter 2013
What's with the Stock Price? $90Stock Split? Takeover? Earnings? Dividends?
Raytheon reported sales were down marginally for the 3rd
quarter and year-to-date compared to last year’s results.
However earnings per share and operating margin were
consistent with last year’s performance.
Operating and cash flow for the first nine months is $1,276
million which is up from last year’s amount of $963 million.
Bookings are down for the quarter and down close to $4
billion year to date with resulting backlog of $32.2 billion at
the end of Q3. The company increased its total year financial outlook for sales, earnings, per share and operating
cash flow. Also year to date the company has repurchased
10.5 million shares of stock for $675 million.
The dividend of $0.55 per share was announced on November 20 by the Board of Directors payable on February
5, 2014.
Financial Notes
Available on Raytheon's website is data on Raytheon quarterly results, dividend information, and their guidance on the year’s sales and earnings. Additionally, the annual reports are on the website and include extensive information on the income statement and balance sheet. It also shows the status of the
pension fund. Most of the info is listed under investor relations.
——Allen Swenson
ONE ASSOCIATION– ONE TEAM
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SPOTLIGHT by Mel Weinzimer
Joe Cooper
Engineering Marketing Manager – Equipment Division
We are beginning a new column in our newsletter where we
will spotlight a Raytheon retiree. Hopefully this will give our
members a chance to reconnect with a former friend, coworker, or supervisor and learn about what they’ve been
doing since leaving Raytheon.
We begin this journey with an interview with Joe Cooper.
Joe was a former neighbor of mine, and a personal friend, who retired from Raytheon in 1995
after 28 years with Raytheon.
Joe served his last 12 years before retirement as the Marketing Manager for the
Equipment Division engineering group and
worked on many leading edge technology
programs.
I interviewed Joe recently while visiting him at his home on
Hilton Head Island, South Carolina.
MW: Joe where do you make home now and what do you
do to keep busy?
JC: My wife, Linda, and I live on Hilton Head Island,
South Carolina, right on the Calibogue Sound – just
about 150 yards from the famous lighthouse in Harbour
Town and we love it here. Hilton Head is a beautiful
place. We play golf here and I bike on our extensive
‘leisure trails’ and on our beach. Before my left hip replacement last year, I did a lot of rollerblading. We also
attend performances at our Performing Arts Center
here on the Island.
(Continued on page 12)
Association of Raytheon Retirees, Inc.
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(Continued from page 11)
We spend about seven months here on Hilton Head and
then, when the weather gets cool (in the 50s), we travel
to West Palm Beach, Florida for a few months. And, of
course, we go back to Boston for a few weeks in the
summer because we have four kids there and many
grandchildren. We manage to keep pretty busy.
MW: Sound like you are doing a lot of travelling and enjoying retirement.
JC: Yes, it’s been a fantastic retirement. If you think about
it, I’ve been away from the Company for 18-1/2 years just a bit more than half of the time I spent at Raytheon.
MW: Do you stay in touch with any of the people that you
had worked with at Raytheon?
JC: Unfortunately, I don’t and probably should. One of my
favorite guys is Mel Weinzimer. I see him whenever
possible and I see Alan Katz occasionally, who now
lives in Jacksonville, Florida.
MW: Who are the leaders that you worked with that you
most admired at Raytheon?
JC: I had very high regard for Dale Reiss, who was my
boss when he was Engineering Manager. I also had
high regard for Dick Daly, Equipment Division Marketing Manager. John Griswold replaced Dale Reiss and
was a pleasure to work with. John moved to Hilton
Head when he retired and we became good friends and
golf partners. Gene Stockton replaced John and was
also fun to work with. I was also very close with Frank
Horrigan, who was the senior technologist. During my
career at Raytheon, I worked many times with Jay Leventhal. He was a sensational person to work with. (I un(Continued on page 13)
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derstand he is no longer with us).
MW: There’s a saying that scientists discover things but engineers make things that change the world. What did you do
to change the world that are you most proud of?
JC: Well, at Equipment Division we had a vast spectrum
of advanced programs and, working as the marketing
manager for the engineering organization, we controlled
the IR&D money and the marketing funds to go after various contracts in support of our IR&D. So I was involved
with lots of advanced computer stuff. We did advanced
radar technology (GaAs) and advanced satellite communications. There were many other projects, like Iridium,
as well, that probably saw results after I retired.
My first job at Raytheon was on the very first En Route
Air Traffic Control System, under Ed Hjerpe, working on
the original proposal and the final contract win. I spent
time on various defense proposals/projects: Aegis, Cobra Dane and NATO Sea Sparrow, to name a few. I also
spent time on computerizing newspaper ad-makeup terminals (Raycomp) and editorial systems. Early on in my
career, at Norwood, I was involved with computerizing
airline reservations systems (Air Canada, etc.). Most everything I worked on was in the pioneering stage and was
very rewarding.
MW: Sounds as if you were on the leading edge of a lot of
technology that Raytheon developed. Would you like your
fellow retirees to contact you? If yes, how can they reach
you?
JC: Yes, it would be nice. My email address is: [email protected]; my home telephone is 843 3632711 and my cell is 508 733-1854. We invite y’all to come
to Hilton Head and visit us in our retirement paradise.
Association of Raytheon Retirees, Inc.
Page 14
Winter Safety Tips by John Rudy
Now that those of us In Massachusetts and much of the
rest of the country has gone through some unusually cold
weather, it is appropriate to refresh our memories with
those things we should do BEFORE there is a storm. The
Massachusetts Emergency Management Association has
put together a rather lengthy, but excellent, checklist. Some, like check your flashlight batteries are obvious,
but many of the others are not. This is a page that should
be printed out, placed on your refrigerator, and shared with
your friends.
http://www.cohassetmass.org/Emergencypreparedness/Winter/
PowerOutageSafetyTips_MEMA.pdf
Unclaimed Wealth by John Rudy
After listening to Steve Grossman, Massachusetts State
Treasurer at a Governor debate I went, at his suggestion, to
www.findmassmoney.com and much to my amazement
found that somewhere in the Massachusetts system there
is less than $100 of my money which is unclaimed. Now
that isn’t much, but every bit counts. I filled out the on-line
form and we’ll see what happens.
So I suggest that each of you check as the Treasurer’s Office says that 1 of 10 in Massachusetts have “unclaimed”
money.
Out of curiosity I checked Connecticut and they also have a
site: http://www.ctbiglist.com/
So I’m guessing that most states do this. Just Google your
State Treasurer’s Office and look.
ONE ASSOCIATION– ONE TEAM
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Medicare Part B by Allan Swenson
Are you planning to take a large amount out of your 401K?
Do you get hit with a big capital gain from your mutual fund
even if you did not sell any of it? Those or any other items
that effect your modified adjusted gross income (MAGI) on
your Federal Income Tax return may qualify you and your
spouse for a premium on your deduction for the Medicare
Plan B Premium. There is also is an adjustment to the
amount you pay for prescription drug coverage.
Annually the Social Security Administration requests the
Internal Revenue Service to provide them with your tax filing status, your adjusted gross income and your tax- exempt interest income. From that information the following
schedule determines your premium.
Filing Status
Married filing
jointly
MAGI
Part B
Monthly Premium
Prescription
Drug Premium
$170K-213K
$42.00
$12.10
$214K-260K
$104.90
$31.10
$320K-428K
$167.80
$50.20
$ more than
$420K
$230.80
$69.30
If you have any ability to plan your income flow you may be
able to influence the premium you are faced with. So look
ahead!!!
There is also a schedule if you file single, or married filing
separately.
The Social Security Administration notifies you of any premium adjustment when its sends your annual SS statement
for the following year, typically in late November.
Association of Raytheon Retirees, Inc.
Page 16
Down-sizing by John Rudy
Many of us are in the process of down-sizing. It might be
because we are moving to a smaller place or because we
finally decided to get rid of things we no longer use. I will
be discussing “freecycle” which is a way of donating (not
selling) items to those in your community.
Go to www.freecycle.org
I live in Lexington MA which is where one of the 5,120
groups is located.
Once you sign up for this group you are sent the rules and
have the ability to OFFER or request (WANTED) an
item. When one follows the protocol the message is sent
out to the local members without your name or email. Recipients can respond to freecycle and they send a message
to the person who posted. I’ve given away probably 50
items ranging from clothes to furniture and been the recipient of a number of items.
TED Talks by John Rudy
At our last Annual ARR meeting I gave a talk on available
educational opportunities on the web. I recommended that
everyone get in the habit of watching a TED talk every few
days.
Here is a talk that I listened to yesterday that it both interesting technically and uplifting.
http://www.ted.com/talks/
francis_collins_we_need_better_drugs_now.html
Of course once you get to this talk you are only a step away
from thousands of additional talks. And they are only about
15 minutes each. It is worth listening to a couple a week.
ONE ASSOCIATION– ONE TEAM
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Microsoft Operating System by John Rudy
Although there has been lots of talk about Microsoft OS 8.0
and more recently 8.1, and although all new PCs come with
that OS, the second most popular OS is XP. So it is a good
bet that many of you are still using it.
On April 8th Microsoft stops support to this OS and stops
updates to Security Essentials. So any vulnerabilities discovered after this date will be less likely to be controlled. And you can guess that the Nortons and others will
not keep XP as their high priority.
What this means is that you should plan to upgrade your
computer. OS8.1 as you might have heard looks a lot different from version 7 and below, so many of you may
choose to upgrade to OS7 with its more similar look and
feel, though I would advise going to 8.1 if your computer will
support it. But it may be difficult to even find OS7. And if
your computer is more than 3 years old this is really the
time to purchase a newer machine. That is what I
did. They are now very inexpensive and come with an
enormous amount of disk and memory. There are a few
other things to remember:
Make sure you have a good virus protection SW product. I
like the Kapersky version that I bought (you get more with a
paid version than a free version). http://usa.kaspersky.com/
store/kaspersky-store?
c_id=GOO1673628&keywordID=291147337&creativeID=23
546102894&src_id=169
 It is time to upgrade to the new Office Suite so that you
have Word 2010 etc.
 This is the time to think about your email system, and
the issues go beyond what I can fit in this article. Just remember that not all email systems will work with 8.1 and
(Continued on page 18)
Association of Raytheon Retirees, Inc.
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(Continued from page 17)
you will want to move over both your address book and all
your old messages. Of course this is a good time to do
some serious deleting.
 Certain software you have may not work with OS8. I
had Photoshop version 4. It is no longer supported so it
created an opportunity for me to decide whether or not I
wanted to continue to use it (and if so, to purchase a new
version), Photoshop Elements 12 is the newest version,
and Elements is what the non-professional should get if
they plan to stay with Photoshop.
It is a good idea to get your free copy of Belarc Advisor so
that you can see what you have on your computer. Go to
http://www.belarc.com/free_download.html for your free
download.
I bought my computer from Best Buy and started a subscription to the Geek Squad. That allowed me to pay them
to move over all my SW, pictures, music, etc., to the new
machine. By presenting them with the output from Belarc
the process became much easier.
If you buy a new computer, have fun.
ONE ASSOCIATION– ONE TEAM
Page 19
Facebook Website by John Rudy
This brief article describes how to locate our Facebook
site.In addition to utilizing the ARR web page we have decided to set up Facebook and LinkedIn presences.
Many of you already have Facebook accounts, even if
only to get pictures and other information from the kids
and grandchildren. Letters are so passé.
Assuming you have a Facebook account log-on as you
normally do.
Up at the top is a search bar.
Type in Raytheon and one of the results is the retirees
group. Note that it is an open group and at this moment
has 25 members.
Click on it and you open the group and it looks like any
other Facebook group. By all means join it.
Association of Raytheon Retirees, Inc.
Page 20
BILL SWANSON TO STEP DOWN AS CEO EFFECTIVE
MARCH 31st!
WILL REMAIN AS CHAIRMAN OF THE BOARD OF DIRECTORS.
by Mel Weinzimer
Raytheon announced on January 15, 2014 that its Board
of Directors has elected Dr. Thomas A. Kennedy, age 58,
to serve as the Chief Executive Officer of Raytheon Company, effective March 31, 2014. Dr. Kennedy will succeed
William H. Swanson, who has served as the Chief Executive Officer of Raytheon Company since 2003, and who
advised the Board of his intention to step down from his
position as Chief Executive Officer in March, following his
65th birthday next month. This change in Company leadership was undertaken as part of the Board's orderly leadership transition planning process. After March, Swanson
will continue to serve as Chairman of the Board of Directors while the Company completes the transition to the
new Chief Executive Officer. The Raytheon Board of Directors also elected Dr. Kennedy to serve on the Raytheon Company Board of Directors, effective January 15,
2014.
Dr. Kennedy has served as executive vice president and
chief operating officer of Raytheon since April 2013 where
he led the recent consolidation of Raytheon's six businesses to four to enhance productivity, agility and affordability of the Company's operations. Previously, he served
as vice president of Raytheon Company and president of
Raytheon Integrated Defense Systems (IDS), one of the
Company's four operating businesses. Before assuming
the IDS leadership role in 2010, Dr. Kennedy served as
vice president at Raytheon's Space and Airborne Systems
(SAS) business where he oversaw strategy and opera(Continued on page 21)
ONE ASSOCIATION– ONE TEAM
Page 21
(Continued from page 20)
tions for the Tactical Airborne Systems business. Earlier
in his more than thirty-year career with Raytheon, he led
new business and program activities for several radar and
electronic warfare system development programs. A former captain in the U.S. Air Force, Dr. Kennedy holds a
doctorate in engineering from the University of California,
Los Angeles, and bachelor's and master's degrees in
electrical engineering from Rutgers University and the Air
Force Institute of Technology, respectively.
On behalf of the Board and the Company, Admiral Vern
Clark, Lead Director of Raytheon Company thanked Bill
Swanson for his more than forty-one years of service to
Raytheon and his outstanding service during the past ten
years as the Company's Chief Executive Officer. "Under
Bill's leadership as CEO these past ten years, Raytheon
has become a customer-focused leader in the aerospace
and defense industry. The Company has achieved a
strong balance sheet, disciplined program execution,
close alignment with customer interests, leadership in
global defense markets, and a reputation for sound governance and corporate responsibility," noted Clark. "We
will be fortunate to have Bill's continued guidance as
Chairman of the Board while the Company completes a
seamless CEO leadership transition," Clark added.
Association of Raytheon Retirees, Inc.
Page 22
Directors
John Rudy, Co-President
[email protected]
Mel Weinzimer, Co-President
[email protected]
Joe DeAmbrose, Clerk
[email protected]
Al Swenson, Treasurer
[email protected]
Evans Cheeseman,
Bill Burditt, Production Mng.
Ast .Treasurer
[email protected]
[email protected]
Bob Hamilton, Editor
[email protected]
We are on the Web
raytheonretirees.org
Jack O’Halloran, Member Relations [email protected]
Association of Raytheon Retirees, Inc.
336 Baker Avenue, Concord, MA
Phone: 978 369 8410
E-mail: [email protected]
© 2013 by ARR. This publication is designed to provide authoritative information regarding the subject matter covered. The Association of Raytheon Retirees (ARR) is not engaged in rendering legal, accounting, tax, or
other professional services. If expert assistance is needed the reader is
advised to engage the services of a competent professional. Consult with
a tax or other professional advisor before making any decisions regarding
personal finances.
ONE ASSOCIATION– ONE TEAM
Page 23
Mail–In Membership Application
Last Name:
First Name:
Street 1:
Street 2:
City:
State:
Email:
Date of Retirement:
Age at Retirement:
Work Location:
State:
Name of Spouse:
Home Phone:
Comments:
Please send completed form and
contribution ($15 Annual Dues) to:
Association of Raytheon Retirees, Inc.
336 Baker Ave.
Concord, MA 01742
Or
You can register online at
www.raytheonretirees.org
Or Email us at
[email protected]
Zip:
Association of Raytheon Retirees, Inc.
Page 24