Raytheon Company (RTN) May 31, 2012 11:00 am ET Executives William H. Swanson - Chairman, Chief Executive Officer and Chairman of Executive Committee Jay B. Stephens - Senior Vice President, Secretary and General Counsel Peter Descovich PresentationWilliam H. Swanson
Good morning, everyone. Will the meeting please come to order? I want to welcome you to Raytheon's 83rd Annual Meeting. I am Bill Swanson, Chairman and CEO of Raytheon. Each of you should find a program on your chair describing the flow of the meeting and the procedures we will follow. If you don't have a program, would you please raise your hand? Like we're all set there. If this is your first meeting, you might want to familiarize yourself with ground rules. We request only shareholders or shareholders' representatives address the meeting. We also ask that you limit your questions or comments to 2 minutes. This meeting will be webcast, and we welcome those listeners. I'm pleased to report that your company had a strong year in 2011. And based on our first quarter results announced last month, we're off to a good start this year. I'll discuss our progress in a few minutes. Right now, there's some individuals I'd like for all of you to meet. First, our Board of Directors. I'd like to introduce each director and ask them to please stand, starting first with Linda Stuntz; Bill Spivey; Ron Skates; Mike Ruettgers, our Lead Director; Fred Poses; Steve Hadley; John Deutch, Vernon Clark; and our newest member, Jim Cartwright. Ladies and gentlemen, in addition to myself, those are your directors standing for reelection today. We are fortunate to have such a qualified, independent and committed directors serving on our board. I look forward to continuing to work with them in the future. Also with us today is Raytheon's leadership team. I'd like to ask the leadership team, please, to stand and be recognized.