This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Raytheon Business Awarded Renewal Of Capability Maturity Model Integration Level 3 Certification

GARLAND, Texas, Dec. 13, 2012 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has renewed its Capability Maturity Model Integration (CMMI ®) Level 3 certification rating for Development at the company's Intelligence and Information Systems (IIS) business. This CMMI Level 3 certification enables IIS to further drive customer success across all sites through efficient program execution built on integrated common processes.

"This is a huge achievement that demonstrates our continued focus on disciplined execution while ensuring we deliver quality products and solutions to meet our customers' needs," said Lynn Mortensen, vice president of IIS Engineering.

IIS first attained CMMI Level 3 for Systems and Software Engineering for all sites in 2006. The business expanded on this achievement by attaining CMMI Level 3 for Development and Integrated Product and Process Development in 2009. This achievement was recertified in October 2012 using CMMI-Development v1.3.

In 2012, IIS reached a CMMI Level 3 benchmark that only 52 percent of all U.S. appraisals recorded by the CMMI Institute at Carnegie Mellon University meet. IIS is a leading provider of intelligence and information solutions to the government.

About the CMMI InstituteThe CMMI Institute, based in Pittsburgh, is a 100 percent-controlled subsidiary of Carnegie Innovations, Carnegie Mellon University's technology commercialization enterprise. The Institute is dedicated to elevating organizational performance through best-in-class solutions to real-world challenges. It is the home of the Capability Maturity Model Integration (CMMI), a process improvement framework that guides organizations in software and systems development, acquisition, and service delivery to create high-performance, high-maturity cultures. The CMMI Institute Product Suite also includes the People Capability Maturity Model for workforce development and the Data Management Maturity Model.

CMMI is recognized worldwide as the standard by which businesses can measure the maturity of their technical and managerial processes. The levels indicate an organization's ability to provide predictable quality while managing and controlling project risks. CMMI helps integrate traditionally separate organizational functions, set process improvement goals and priorities, provide guidance for quality processes, and provide a point of reference for appraising current processes. CMMI is registered in the U.S. Patent and Trademark Office by Carnegie Mellon University.

About RaytheonRaytheon Company, with 2011 sales of $25 billion and 71,000 employees worldwide, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 90 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. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon.

Note to Editors The CMMI Institute, operated by Carnegie Mellon University, currently administers the CMMI program. ®CMMI is registered in the U.S. Patent and Trademark Office by Carnegie Mellon University. CMMI maturity levels are increasingly used by government agencies and contractors to evaluate the potential for organizations to produce quality products on time and within budget. Independent, third party appraisers reviewed Pasadena operations using the prescribed standard CMMI Service Mark appraisal method for process improvement.

Media Contact Roela Santos+1.571.250.1106

iispr@raytheon.com

SOURCE Raytheon Company

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,654.77 +369.26 2.27%
S&P 500 1,987.66 +47.15 2.43%
NASDAQ 4,812.7080 +115.1720 2.45%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs