WALTHAM, Mass., Dec. 15, 2004  /PRNewswire-FirstCall/ -- Raytheon Company
(NYSE: RTN) has declared a quarterly cash dividend of $.20 per outstanding
share of common stock to be paid on January 24, 2005 to shareholders of record
as of the close of business on December 27, 2004. The dividend rate is
unchanged from the previous quarter.

    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 more than 78,000 people
worldwide.

   Contact
   Steve Brecken
   781.522.5127


SOURCE: Raytheon Company



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