1 July 2014
Raytheon (NYSE: RTN) said it has established the Raytheon-Zumwalt Scholarship to support naval families and champion the educational pursuits of future scientists.
The scholarship is named after Admiral Elmo R. Zumwalt, Jr., who in his role as chief of naval operations, was a transformational leader widely recognized for modernizing the US Navy.
The first recipient of scholarship, Harrison Ballard is the son of a retired naval officer, and despite a relocation his senior year in high school to accommodate his father´s military career, graduated high school as class salutatorian. He joins Duke University´s Class of 2018 pursuing a science degree.
Established through the Anchor Scholarship Foundation, Raytheon funded a USD125,000 endowment to support an ongoing program to provide annual scholarships to students pursuing a four-year degree in a STEM (science, technology, engineering, and math) related field.
Raytheon is a technology and innovation leader specializing in defense, security and civil markets throughout the world. Its website is at www.raytheon.com and on Twitter @raytheon.