GOLETA, Calif., Sept. 12, 2008 /PRNewswire/ -- A radar warning receiver that equips the U.S. Navy F/A-18E/F has earned Raytheon Company (NYSE: RTN) and its U.S. Navy partner a Performance-Based Logistics Award from the Office of the Secretary of Defense.

The citation recognized the "superb efforts" of a team representing the Naval Inventory Control Point and Raytheon in meeting the terms of a $150 million performance-based logistics contract for the ALR-67(V)3 receiver. The contract set several precedents, including the Navy's willingness to award it a full year before delivery of the first production unit. The team is supported by the Naval Underwater Warfare Center-Keyport, the Fleet Readiness Center Southeast, and NAVAIR (Naval Air Systems Command).

The receiver offers sophisticated digital technology to detect and identify threat radar emitters, enhancing the survivability of aircraft that rely on the system. Initially deployed during Operation Iraqi Freedom, the system has been chosen by several international air forces for their F/A-18 tactical fleets.

"Operational readiness and system reliability are critical battlefield discriminators," said Roy Azevedo, manager of Raytheon's Electronic Warfare business area. "This is truly a life-saving product for the aviators who serve in the F/A-18, and we take great pride in helping to bring them home safely."

The PBL awards program was established to recognize joint government-industry teams that demonstrate outstanding achievements in PBL development, implementation and execution. This is the third consecutive year Raytheon has received a PBL award. The permanent PBL award is publicly displayed at the Defense Acquisition University.

Raytheon's PBL program is managed by the company's Space and Airborne Systems business at its Tactical Airborne Systems facility in Goleta, Calif.

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.

  Contact:
  Ron Colman
  805.879.2041

SOURCE: Raytheon Company

CONTACT: Ron Colman of Raytheon Company, +1-805-879-2041

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