TUCSON, Ariz., Nov. 16, 2004 -- Raytheon Company today officially presented
U.S. Navy officials with the unitary/penetration variant of the Joint Standoff
Weapon (JSOW-C), the newest version of the successful unpowered air-to-ground
weapon system.

    The first production delivery ceremony took place at Raytheon Missile
Systems in Tucson.

    "JSOW-C is a significant addition to the warfighting capability of the
Navy and Marine Corps," said Capt. David Dunaway, the Navy's JSOW program
manager. "Putting this weapon in the hands of the warfighter culminates the
long, hard work of the Navy/Raytheon, BAE Systems and Thales Missile
Electronics team."

    "We are proud to be providing the Navy with this very affordable weapon.
The JSOW-C's unitary/penetrator variant offers greatly increased capabilities,
particularly against concealed and deceptive targets," said Ron Shields,
Raytheon's JSOW program director.

    JSOW-C incorporates a Raytheon-developed uncooled, long-wave infrared
seeker with automatic target acquisition algorithms, providing the Navy a
launch-and-leave weapon with a long-range standoff precision strike
capability. JSOW-C is the first U.S. weapon to incorporate the two stage
broach blast fragmentation/penetration warhead, developed by the United
Kingdom's BAE Systems. Thales provides the fuze. JSOW-C has a unique
capability for a glide weapon in its ability to attack a hardened target in a
near-horizontal mode.

    JSOW is a joint Navy and Air Force program. It is a family of low-cost,
highly survivable air-to-ground weapons employing an integrated Global
Positioning System/Inertial Navigation system that guides the weapon to the
target. More than 400 JSOW-As have been used in combat operations to date.

    The JSOW family uses a common and modular weapon body capable of carrying
a variety of payloads and handling multiple munitions. Its long standoff range
demonstrated at 63 nautical miles allows delivery from well outside the lethal
range of most enemy air defenses. The AGM-154A (also called JSOW-A) variant
dispenses BLU-97 combined-effect bomblets for use against soft and area
targets. It is produced for use on the F/A-18, F-16, F-15E, B-1, B-2 and B-52
aircraft. The AGM-154C (JSOW-C) is currently being produced for Navy F/A-18s
and has been selected by Poland for use on its F-16s.

    The Navy/Raytheon team is developing a Block II configuration of the JSOW
weapon system that provides significant cost reductions to all JSOW versions.
The first Block II configuration weapons will be delivered in 2007.
Additionally, other JSOW improvements are under way to add anti-ship
capability, reduce unexploded ordnance concerns, hit moving targets, provide
bomb hit indication, provide network capability and further reduce costs.

    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/