WALTHAM, Mass., March 23, 2005 /PRNewswire-FirstCall/ -- Raytheon Company (NYSE: RTN) has declared a quarterly cash dividend of 22 cents per outstanding share of common stock to be paid on May 2, 2005 to shareholders of record as of the close of business on April 4, 2005. The dividend rate represents a 10 percent increase from the previous quarterly dividend of 20 cents per outstanding share of common stock. This is the first dividend increase since 1996.

Raytheon Company (NYSE: RTN), with 2004 sales of $20.2 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 80,000 people worldwide.

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   Steve Brecken
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SOURCE: Raytheon Company

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