2017 U.S.-Booked Air
Volume: $117 million
Consolidated Global TMC: BCD
BTN estimates that U.S.-booked air travel spend increased
less than 2 percent in 2017 at defense contractor Raytheon, which continues to
take steps to control travel costs. The company began a global rollout of a
virtual collaboration platform that enables virtual meetings, as well as secure
email and chat. Raytheon last year also worked to upgrade the reliability of
its global videoconferencing services and allows the use of tools like Skype,
all in an effort to minimize air travel and control costs. Raytheon's 2017 net
sales increased 5 percent year over year to $25.3 billion; its backlog, a
measure of firm orders for which work has yet to be performed, increased 4
percent to $38.2 billion. Operating expenses increased about 5 percent to $22
billion. The company at year-end 2017 employed 64,000 people, up from 63,000
one year prior.