Missile Defense Precision Engagement Intelligence, Surveillance, Reconnaissance (ISR) Process Improvement (Raytheon Lean6) Leadership In March 2014, Thomas Kennedy was named CEO of Raytheon Company. Kennedy succeeded William H. Swanson, who was CEO since 2003. Swanson remained as Chairman through September 2014 when Kennedy became Chairman as well as CEO. Other current and former members of the board of directors of Raytheon were: Vernon Clark, James E. Cartwright, John Deutch, Stephen J. Hadley, George R. Oliver, Frederic Poses, Michael Ruettgers, Ronald Skates, William Spivey, and Linda Stuntz. Ownership As of December 2014, according to filed reports, the top ten institutional shareholders of Raytheon are Wellington Management Company, Vanguard Group, State Street Corporation, Barrow, Hanley, Mewhinney & Strauss, BlackRock Institutional Trust Company, BlackRock Advisors, Bank of America, Bank of New York Mellon, Deutsche Bank and Macquarie Group. Products and services Overview Raytheon provides 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's electronics and defense-systems units produce air-, sea-, and land-launched missiles, aircraft radar systems, weapons sights and targeting systems, communication and battle-management systems, and satellite components. Air traffic control systems FIRSTplus Air Traffic Control Simulator AutoTrac III ATM System STARS Radars and sensors Raytheon is a developer and manufacturer of radars (including AESAs), electro-optical sensors, and other advanced electronics systems for airborne, naval and ground based military applications. Examples include: APG-63/APG-70 radars for the F-15 Eagle APG-65/APG-73/APG-79 radars for the F/A-18 Hornet APG-77 radar for the F-22 Raptor (joint development with Northrop Grumman) APG-84 RACR radar ALE-50 towed decoy ALR-67(V)3 and ALR-69A radar warning receivers AN/APQ-181 (AESA upgrade currently in development), for the B-2 Spirit bomber Integrated Sensor Suite (ISS) for the RQ-4 Global Hawk UAV ASQ-228 ATFLIR (Advanced Targeting Forward-Looking Infrared) pod TPQ-36/TPQ-37 Firefinder and MPQ-64 Sentinel mobile battlefield radars F-16 RACR, designed for the F-16 using AESA technology SLQ-32 shipboard EW system Large fixed-site radars such as PAVE PAWS, BMEWS, and the Missile Defense Agency X-band Radar (XBR) Satellite sensors Raytheon, often in conjunction with Boeing, Lockheed Martin or Northrop Grumman, is also heavily involved in the satellite sensor business. Much of its Space and Airborne Systems division in El Segundo, CA is devoted to this, a business it inherited from Hughes. Examples of programs include: Space Tracking and Surveillance System (STSS), being developed for the Ballistic