John Panetta is the Senior Director of Government Accounting for Raytheon Company. In this role he is responsible for company interactions with the Defense Contract Audit Agency (DCAA) and Defense Contract Management Agency (DCMA) on matters of financial compliance with the Cost Accounting Standards (CAS) and the Federal Acquisition Regulations (FAR Parts 30 & 31).
Raytheon Company (NYSE: RTN), with 2017 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With headquarters in Waltham, Mass., Raytheon employs approximately 64,000 people worldwide.
Mr. Panetta started with Raytheon Company in 1980 as part of the Financial Management Development Program (FMDP). Over the ensuing years he has held a variety of positions with increasing responsibility as part of the Raytheon Company finance organization.
Previous positions held by Mr. Panetta at Raytheon Company include; Deputy Director of Raytheon Company Government Accounting 2005-2008, Manager of Business Governance Raytheon Integrated Defense Systems 2000-2005, Manager of Financial Planning & Analysis at Raytheon Engineers & Constructors (RE&C) 1999, Manager of Budgets & Government Accounting at RE&C 1994-1999, Budgets and Planning at Raytheon Missile Systems Laboratories 1986-1993, Raytheon Internal Audit 1982-1986, FMDP 1980-1982.
Mr. Panetta is a member of the Financial Executives International Committee on Government Business (FEI-CGB Chairman 2013, Vice Chair 2011). Mr. Panetta is currently serving as the Immediate Past National Chairman of the Board of Directors for the overall Financial Executives International (FEI), having been the National Chairman for the 2017/2018 term. Additionally Mr. Panetta sits on the Aerospace Industries Association Cost Principles Committee (AIA-CPC Chair 2010, Vice Chair 2009).
Mr. Panetta has a bachelor’s degree from Babson College (Wellesley, Massachusetts) where he graduated in 1980 as an accounting major with honors.