WALTHAM, Mass., Oct. 26, 2004  /PRNewswire-FirstCall/ -- Raytheon Company's
Chairman and CEO, William H. Swanson, will receive a Diversity Best Practices
CEO Leadership Award for his commitment to diversity.  The award will be
presented at the Diversity and Women Leadership Summit & Gala in Washington,
D.C. on Oct. 26, 2004.  Raytheon's Louise Fransesconi, President of Raytheon
Missile Systems, will also receive an award at the summit for her achievements
as a diversity leader.

    "My commitment to diversity is a core value," Swanson said. "I believe it
is about welcoming all people and valuing the different ways we look at a
problem.  Innovation is, and will be, the product of teamwork that encourages
diversity of thought and opinion."

    Swanson, Raytheon's first executive diversity champion, has led the
company's efforts to create an inclusive work culture.

    Raytheon Company (NYSE: RTN), with 2003 sales of $18.1 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 78,000 people
worldwide.


  Contact:
  Nicholas Garrison
  781.522.6490


SOURCE: Raytheon Company

Web site:  http://www.raytheon.com/