Herewith some extracts from the Raytheon web site.....
RAYTHEON
STANDARDS OF BUSINESS ETHICS AND CONDUCT
Our Reputation —A Foundation Built on Personal Integrity and Ethical Principles
Throughout its history, Raytheon has been a global leader in technology and systems development. Our continued growth, profitability, and prosperity are linked to our employees’ ability to make decisions that are consistent with Raytheon’s business values and core ethical principles. By embedding these business values and principles in our policies and practices, Raytheon has established an ethical business culture that is accepted by its employees and woven into the fabric of the ways in which we work. We are an exceptional company, committed to:
• Integrity - We are honest and forthright in our dealings with employees, customers, suppliers, team-mates, competitors, shareholders, and the community. We conduct our business with respect for laws and regulations, and we promote individual responsibility to ensure that all actions are based on the highest ethical standards.
• Respect - We treat others as we would want to be treated - attentive to personal dignity and receptive to diversity of ideas. We recognize the value that comes from respecting individuality, personal experience, and varied heritages.
• Teamwork - We value teams because they promote trust, openness, challenge, opportunity and growth. We join with each other, our customers and our suppliers to provide high-value solutions to complex problems, requirements, and demands.
• Citizenship - We give back to the communities where we live and work. We serve as stewards of the environment - and strive to leave the world better for having been a good corporate citizen in the global marketplace.
These principles support and guide our leadership in establishing the strategic direction of the company. Our employees, representatives, and suppliers are expected to conduct their business in accordance with these ethical principles. We must do more than be compliant with laws, regulations and policies; we must work according to our ethical principles and endeavour to conduct ourselves in a manner beyond reproach. Raytheon’s reputation is based on the personal integrity of each of its employees and those with whom we do business. Sound judgment must be exercised in the service of our reputation as a global business leader, employer of choice, and good corporate citizen.
Promote Fair Trade and Free Enterprise— Boycotts and Price Fixing Erode Public Trust
Maintaining a level playing field in the course of doing business fosters fair play, promotes healthy competition and contributes to keeping the global marketplace dynamic and robust. When a company has an unfair advantage in the marketplace, competition is stifled and customers are negatively affected.
Raytheon promotes fair trade and free enterprise. Many of the countries in which Raytheon operates have enacted antitrust laws that prohibit unlawful “restraint of trade” and our company rigorously observes these statutes and regulations. Although these laws will vary from country to country, the antitrust laws of the United States and the European Union are representative of typical statutes. Generally, such laws prohibit restrictive trade agreements and/or practices that may reduce competition without providing beneficial effects to consumers. Such agreements and/or practices violate both public policy and Raytheon policy.
Prohibited “restraint of trade” practices that violate antitrust laws generally include:
• Agreements and understandings among competitors to fix or control prices
• Boycotts of specified suppliers or customers
• Efforts to misrepresent, disparage, or harass competitors
• Coordinating with competitors to allocate customers and/or territories
• Limitations on the production or sale of products or product lines for anticompetitive purposes
• Contracts or other arrangements that involve exclusive dealing
• Tie-in sales or other restrictive agreements with suppliers and customers
• Price discrimination
• Other restrictive terms of sale as between customers U.S. law prohibits U.S. firms and persons (and their controlled foreign subsidiaries) from complying with foreign countries’ boycotts against countries friendly to the United States, and from providing information concerning business relationships with boycotted countries.
Well, this certainly makes interesting reading Seeing that the aircraft used by AA in Kenya belong to - yes you guessed it - Raytheon!!!
Come on guys - get a life. If AA's role as Raytheon partner doesn't stink in being able to make lower bids, coupled to the "grants" that they receive, then who else stands a chance of doing business?? Just a thought - is it possibly Raytheon and not AA who are guilty here, or does Raytheon even know what their partners are up to??