WALTHAM, Mass., Jan. 26, 2006 /PRNewswire-FirstCall/ -- Raytheon Company
(NYSE: RTN) announced today the appointment of S. Michael Scheeringa to the
position of chief executive officer at Flight Options, the company's
fractional ownership entity. From February 2004, Scheeringa served as Flight
Options' chief operating officer and has served as acting chief executive
officer since November 2004.
"Michael is a proven leader," said William H. Swanson, chairman and CEO of
Raytheon Company, "as is evident in the progress Flight Options has made on
its Go Forward business plan. We believe he has the background, drive and
innovative ideas to lead Fight Options forward in a highly competitive
industry."
Prior to joining Flight Options, Scheeringa served as US Airways' vice
president, Express Division. At US Airways, he had previously held a series
of officer-level positions managing the areas of customer service, operations
and corporate planning, in addition to overseeing the MetroJet and the US
Airways Shuttle divisions. He has more than 17 years of experience in the
aviation industry. Scheeringa holds a Bachelor of Science degree in
transportation and logistics management from Arizona State University.
Based in Cleveland, Ohio, Flight Options, LLC offers the complete spectrum
of programs from fractional ownership to leasing to JetPASS membership and has
received the prestigious ARG/US Platinum Safety Rating twice. The Flight
Options fleet of approximately 200 aircraft includes the world's largest
fleets of Beechjet 400A's and Legacy Executive aircraft. Flight Options' fleet
consists of the Beechjet 400A/Hawker 400XP, Hawker 800XP, Citation X and
Legacy.
Raytheon Company (NYSE: RTN), with 2004 sales of $20.2 billion, is an
industry leader in defense and government electronics, space, information
technology, technical services, and business and special mission aircraft.
With headquarters in Waltham, Mass., Raytheon employs more than 80,000 people
worldwide.
Contact
Steve Brecken
781.522.5127
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Steve Brecken of Raytheon Company,
+1-781-522-5127
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