WALTHAM, Mass., June 27, 2008 /PRNewswire-FirstCall/ -- Raytheon Company (NYSE: RTN) announced today that its Board of Directors has declared a quarterly cash dividend of 28 cents per outstanding share of common stock. The cash dividend is payable on August 7, 2008 to shareholders of record as of the close of business on July 10, 2008.

Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 86 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.

  Media Contact
  Jon Kasle
  781.522.5110

  Investor Relations Contact
  Jim Singer
  781.522.5136

SOURCE: Raytheon Company

CONTACT: Media, Jon Kasle, +1-781-522-5110, or Investor Relations,
Jim Singer, +1-781-522-5136, both of Raytheon Company

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