Contract award scheduled for the second quarter of 2009

AURORA, Colo., Feb. 6, 2009 /PRNewswire/ -- Raytheon Company has submitted its final proposal for the development of the ground segment for NOAA's (National Oceanic and Atmospheric Administration) next-generation Geostationary Operational Environmental Satellite R series, known as GOES-R.

"We are very pleased to have reached this point in the competition and are confident that our proposal offers the best solution at an affordable price for our customer," said Lynn Dugle, president, Raytheon Intelligence and Information Systems.

When launched, GOES-R will deliver significant technological advancements to provide sustained, reliable collection, analysis and distribution of data from the atmosphere, oceans, land and sun. The GOES-R ground segment will be one of the most advanced satellite ground systems ever developed, processing and distributing data to operational users within minutes of the instrument observations. This will empower more rapid responses by the National Weather Service, other NOAA offices and other agencies to emergency situations and the overall ability to better recognize, understand and predict climate change.

"We have worked with NOAA officials to provide a low-risk and reliable GOES-R ground segment to meet their evolving needs through the next decade and ensure mission continuity," Dugle said. "The final proposal depicts our 20-year partnership with the nation's space operations community and our strong commitment to the NOAA mission."

Based in Garland, Texas, Raytheon Intelligence and Information Systems is a leading provider of information and intelligence solutions to the government. IIS had 2008 annual revenues of approximately $3.1 billion and employs more than 9,000 engineering and technical professionals worldwide.

Raytheon Company, with 2008 sales of $23.2 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 87 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 73,000 people worldwide.

    Contact:
    Keith Little
    703.849.1675

SOURCE: Raytheon Company

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

Company News On-Call: http://www.prnewswire.com/comp/149999.html

Company News On-Call: http://www.prnewswire.com/comp/742575 .html