Read other 2006
   Press Releases

AIA ANNOUNCES CHAIR OF PROCUREMENT AND FINANCE COUNCIL

January 22, 2001-WASHINGTON, D.C.- Richard J. Foley, vice president of Contracts for the Raytheon Company, has been appointed chair of the Aerospace Industries Association’s Procurement and Finance Council. He succeeds Art Charles of Hamilton Sundstrand.

As Raytheon’s vice president of Contracts, Foley is responsible for the performance of all the contracts management personnel supporting Raytheon’s core business areas. In addition, he is responsible for resolving contract negotiation problems, monitoring compliance with the company policy on contract negotiation and administration and preparing company positions on new or amended legislation and regulations affecting the acquisition process. During his more than 30-year career at Raytheon, Foley has held senior contract management positions with the company.

Foley received a master’s degree in business administration from Suffolk University and a bachelor’s degree in management from Northeastern University.

Raytheon Company, based in Lexington, Mass., is a global technology leader that provides products and services in the areas of commercial and defense electronics and business and special mission aircraft. Raytheon has operations throughout the United States and serves customers in more than 70 countries.

-AIA-

Matt Grimison, AIA
703-358-1076
matt.grimison@aia-aerospace.org

P.A. Rel. 2001-05

01.22.01