RESTON, Va., Nov. 22, 2004  /PRNewswire/ -- Raytheon Company (NYSE: RTN)
has been awarded a one-year, $86 million option on its Live Training Program
with the U.S. Army Program Executive Office for Simulation, Training, and
Instrumentation (PEO-STRI).

    The contract option allows the company to continue providing life cycle
contractor support services for tactical engagement, instrumentation and range
training devices and systems for the Live Training Program. The award is the
sixth of seven one-year options under an eight-year contract. The original
contract was awarded in 1999 with an initial potential value of $400 million;
it has now grown to a potential of more than $900 million.

    Under the option, Raytheon Technical Services Company LLC (RTSC) will
continue providing operations, maintenance, and field engineering services;
life cycle sustainment; supply; integration; tactical and operational scenario
writing, planning, and exercise control; data collection, training analysis,
analysis support, real-time after action reviews, and training device
products. The program also provides worldwide instructional and maintenance
support of Tactical Engagement Systems.

    The Raytheon program management office is located in Orlando, Fla., and
work will be performed at the National Training Center at Ft Irwin, Calif.;
the Combat Maneuver Training Center at Hohenfels, Germany; the Joint Readiness
Training Center at Ft. Polk, La.; and at various sites worldwide. The Live
Training Program staffs 16 field sites worldwide from its central depot at
Pomona, Calif., including Germany, Korea, Italy and Kuwait. Work is expected
to be completed by October 2005.

    "PEO-STRI's mission-preparing U.S. Army units and associated joint service
counterparts for combat-is critical to the security of the United States and
its allies, as well as to the safety of each individual warfighter," said Dan
Schultz, RTSC vice president and general manager of one of RTSC's Reston, Va.-
based business units. "Live training is the most realistic, most effective
combat training our troops receive because it increases their odds of claiming
victory on the battlefield. Raytheon's employees-individually and
collectively-are extremely proud to support the Live Training Program."

    Providing training and range support services to the U.S. military is one
of RTSC's primary strengths, and it is a key element of RTSC's growth
strategy.

    RTSC provides technology solutions for defense, federal and commercial
customers worldwide. It specializes in product and systems support, customized
engineering and on-site engineering solutions.

    Raytheon Company, 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 78,000 people worldwide.


   Contact:
   Kristen Giddens Pinto-Coelho
   703.295.2535


SOURCE: Raytheon Company

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