[SatNews] Encouraging participation in STEM programs, this Company's financial support is a boon to the industry...

Raytheon Company (NYSE: RTN) is supporting and encouraging academic achievement across America by committing more than $1 million in education scholarships and grants for the 2011-2012 school year. The investment rewards students and teachers who excel in science, technology, engineering and math (STEM) education as part of the company's MathMovesU® program, and provides scholarships to children of Raytheon employees planning to attend college. "Raytheon is continuing its longstanding commitment to supporting education, most notably in the STEM disciplines," said Raytheon Chairman and CEO William H. Swanson. "Today's students show great promise and have the ability to further our nation's role as a global leader in innovation. By providing support, we are investing in our collective future."

Raytheon's commitment to tomorrow's STEM leaders and innovators is magnified by employee volunteerism in communities throughout the country. Raytheon volunteers donate their time and talent to create a positive difference in the lives of others, particularly through math and science education enrichment. Employees logged more than 75,000 volunteer hours in 2010, and their engagement in 2011 has increased to more than 120,000 hours already accounted for year to date. Annually, 150 U.S. students are chosen to receive $1,000 MathMovesU Middle School Scholarships with the option to attend math and science camps, technology programs or to save money for college. This year's recipients were chosen from a pool of nearly 3,000 applicants who created multimedia presentations describing how math "puts action in their passion." Each recipient's middle school was awarded a matching grant from Raytheon.

Raytheon also honors 32 teachers from across the country through the MathMovesU Math Hero Awards program. The award recognizes outstanding contributions toward engaging students in math through interactive and creative learning initiatives. Each Math Hero will receive a $2,500 award and a matching grant for his or her school. Additional scholarships will be announced throughout the 2011-2012 school year. These include (but are not limited to) awards to participants in the Raytheon-sponsored FIRST® Robotics competition who are pursuing collegiate STEM degrees, and separate awards to children of Raytheon employees in support of their collegiate studies.