TUCSON, Ariz., May 27  /PRNewswire-FirstCall/ -- Raytheon Company has
delivered to the U.S. Navy the first production model of the next-generation
Tactical Tomahawk (Tomahawk Block IV) cruise missile at the company's Missile
Systems operations.

    The concept for Block IV arose from a challenge by the Pentagon to
implement the U.S. Navy's vision of a low-cost "Tactical" Tomahawk system that
would provide affordable, responsive fire power, affordable follow-on
production, and significantly reduce life cycle cost.

    "The Navy-Raytheon Team is very honored and excited to provide the
warfighter the Tactical Tomahawk missile.  This revolutionary weapon, with its
flexible targeting and loitering capabilities, builds on the tremendous 32-
year tradition and success of the legacy Tomahawk Program," said Navy Capt.
Bob Novak, Tomahawk All-Up Round program manager. "The Navy's weapon of choice
is now even more affordable, lethal and survivable."

    "Reaching this production milestone is a testament to the hard work and
dedication of everyone who was part of the design, development, testing and
now, production, of this next generation system," said Louise L. Francesconi,
Raytheon Missile Systems president. "This new Block IV missile is the result
of the collective commitment of the Navy and Raytheon to provide affordable,
operational capabilities for critical long-range, precision strike missions.
This first production delivery confirms our commitment to deliver this needed
capability to the warfighter."

    Tactical Tomahawk will be the centerpiece of the Navy's new Tomahawk
Baseline IV Weapons System.  The system integrates the Tactical Tomahawk
missile with improved mission planning and platform weapons control
capabilities.   This latest version of the Navy's surface- and submarine-
launched precision strike standoff weapon incorporates innovative technologies
to provide unprecedented operational capabilities while dramatically reducing
acquisition, life cycle and ownership costs. The Block IV missile will have a
15-year warranty and recertification cycle, compared to the Block III
variant's eight-year recertification cycle.

    The new capabilities that Block IV Tomahawk will bring to the Navy's sea
strike capability are derived from the missile's two-way satellite data link
that enables the missile to respond to changing battlefield conditions. The
strike controller can "flex" the missile in flight to preprogrammed alternate
targets or redirect it to a new target. This targeting flexibility includes
the capability to loiter over the battlefield awaiting a more critical target.
The missile can also transmit battle damage indication imagery and missile
health and status messages via the satellite data link.  And, for the first
time, firing platforms will have the capability to plan and execute Global
Positioning System-only missions. Block IV will also introduce an anti-jam GPS
receiver for improved mission performance.

    The Navy and Raytheon are entering into a five-year multi-year procurement
contract to replenish Tomahawk inventory at the most affordable cost. The
legacy program Tomahawk missile is the Navy's weapon of choice for critical,
long-range precision strike missions against high value, heavily defended
targets. The Block IV will cost less half the price of a newly built Block III
missile.

    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 78,000 people worldwide.


   Contact:
   Alan D. Fischer
   520.794.1211


SOURCE: Raytheon Company

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