AURORA, Colo., July 29, 2008 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has completed two significant milestones for the U.S. Air Force's Global Positioning System (GPS) next-generation Control Segment (OCX), which establishes a solid foundation and roadmap to keep the program on track and on schedule.

Raytheon completed the integrated baseline review (IBR) and subsequently completed the standard Capability Maturity Model Integration (CMMI) appraisal method for process improvement (SCAMPI-B) in late June 2008.

"The completion of the IBR and SCAMPI-B milestones demonstrates the Raytheon OCX team's commitment, maturity and readiness to deliver a robust system for fielding," said Bob Canty, vice president and program manager of GPS OCX for Raytheon Intelligence and Information Systems. "Raytheon's OCX team will deliver a superior, low-risk and on-time solution to the government."

The IBR validated the Raytheon OCX team's earned value management system, established the credibility of the technical, schedule and cost baselines and developed a mutual understanding of program risks. The SCAMPI-B was a systematic appraisal of the Raytheon OCX team's processes and the maturity level of the team executing these processes.

The completion of the integrated baseline review and SCAMPI-B is an accomplishment of Raytheon, Boeing, ITT Industries, Jet Propulsion Laboratory, Braxton Technologies, Infinity Systems Engineering and SRI International. Raytheon achieved the first milestone for the OCX program, satisfying the Air Force's System Requirement Review criteria, in February 2008.

Raytheon is currently under an 18-month, $160 million contract administered by the Air Force Space and Missile Systems Center, Los Angeles Air Force Base, Calif., for the first phase of the GPS OCX program.

Based in Garland, Texas, Raytheon IIS is a leading provider of information and intelligence solutions to the government. IIS had 2007 annual revenues of approximately $2.7 billion and employs more than 9,000 engineering and technical professionals worldwide.

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.

Note to Editors:

The Capability Maturity Model® Integration (CMMI(SM)) is a process improvement approach that provides organizations with the essential elements of effective processes.

SCAMPI is designed to provide benchmark quality ratings relative to CMMI models.

  Contact:
  Keith Little
  703.849.1675
  KDLittle@raytheon.com

SOURCE: Raytheon Company

CONTACT: Keith Little of Raytheon Company, +1-703-849-1675,
KDLittle@raytheon.com

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